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The influence of real world on virtual world: An investigation of virtual land price in second life

  • Xiao Lin Wang*
  • , Qiang Ye
  • , Qi Lu
  • *Corresponding author for this work
  • School of Management, Harbin Institute of Technology
  • Heilongjiang University of Science and Technology

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

Virtual world provides online environments where participants engage in socialization, entertainment, education, and business. There are also huge opportunities for electronic commerce in the near future. Several studies have explored the impacts of virtual worlds on realities. However, is virtual world really virtual? How does real world influence activities in virtual worlds? This paper attempts to understand the influence of real world house price on virtual world land price with data collected from SecondLife.com and federal housing finance agency of USA. The result reveals that land price in virtual world is significantly associated with real world land price.

Original languageEnglish
Title of host publication2010 International Conference on Management Science and Engineering, ICMSE 2010
Pages625-630
Number of pages6
DOIs
StatePublished - 2010
Externally publishedYes
Event17th International Conference on Management Science and Engineering, ICMSE 2010 - Melbourne, VIC, Australia
Duration: 24 Nov 201026 Nov 2010

Publication series

Name2010 International Conference on Management Science and Engineering, ICMSE 2010

Conference

Conference17th International Conference on Management Science and Engineering, ICMSE 2010
Country/TerritoryAustralia
CityMelbourne, VIC
Period24/11/1026/11/10

Keywords

  • Electronic commerce
  • Second life
  • Virtual land price
  • Virtual world

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