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Online gamers can spend significant sums of money through in-game purchases, raising questions about behavioral nudges and gaming.

The Free-to-Play Game Economy: Selling Pixels for Billions

Today's gamers can make purchases within video games themselves, buying lives, equipment, appearance packages, etc. How much economic impact does this online market have, and should we be concerned about the potential for online gaming addiction?...
5 min read
Policy instruments
Definitions

Policy instruments

Saddique Ansari • January 29, 2020 • 1 min read

Author bio

Policy instruments – definition

A policy instrument is an individual economic tool which can be used to manipulate an economic variable to achieve an economic objective. Instruments include interest rates, tax rates, subsidies, minimum prices and wages, and legislation.


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Policy objective

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Policy conflict

Thousands of content creators post daily on YouTube, TikTok, and other social media sites in hopes of "going viral."

The Economics of “Going Viral”: Attention as a Scarce Resource

They say that everyone wants to be famous. Today, virtually anyone can, thanks to social media. However, there are high costs of trying to master the algorithms to create the most desirable content. What are the economic costs and benefits of trying to "go viral" online?...
4 min read

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