Umair Haque / Bubblegeneration
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Design principles for 21st century companies, markets, and economies. Foreword by Gary Hamel. Coming January 4th. Pre-order at Amazon.


 
Friday, April 08, 2005


Virtual Monopoly

"...Two entrepreneurs on the Elune server of World of Warcraft have recently purchased the entire auction house, then re-listed everything at prices 2 or 3 times higher than normal."

Link. Of course, as the entry notes, it takes deep pockets to beat the market, and competitors are going to bid prices down. The more interesting bit is that players are turning games more and more into arbitrage platforms, which I find a little strange, because I find playing games much more interesting than playing the market.

-- umair // 4:43 PM // 0 comments


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