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Network virtual money, as a method of attracting players and increasing revenue for game operators, has played an important role in the rapid development of network online games. With virtual money, some economic phenomenon such as inflation in virtual environment has emerged, which attracted wide attention from academics. This paper proposes that virtual money demand should be taken into consideration...
This paper first tried to tell you such a fact from the perspectives of tax history and tax law that: with the continuous development and expansion of virtual economy, the taxation in virtual world will be inevitable. Then we distinguished taxable activities from the virtual economic activities based on the Chinese Tax Laws and the legal theory, we proposed that both in-world and inter-world virtual...
This paper explored the demand motivation of virtual money which exists in an online game or virtual community. As the virtual money can only be bought from but not sold to the game operators currently in China, the motivation for owning virtual money in China is just limited to online payment, no speculation motivation as in foreign online games which have a totally different exchange mechanism with...
With the rapid development of network game, the in-world economic activities become increasingly complex and form a relatively independent network virtual economy. As capital inflow from the real world is the key element supporting the functioning of virtual world, we established an arbitrage capital flow model based on relative risk premium between the two worlds, explored the interest rate mechanism...
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