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Land valuation in the metaverse: location matters
Journal of Economic Geography ( IF 3.1 ) Pub Date : 2024-08-26 , DOI: 10.1093/jeg/lbae027
Mitchell Goldberg 1 , Peter Kugler 2 , Fabian Schär 1
Affiliation  

In urban economics, transportation costs are a key determinant of land value. However, in virtual worlds, these costs are generally limited by the users’ ability to teleport. Drawing from urban and attention economic literature, we propose a theoretical model microfounded on user behavior. The model suggests that the relative value of land parcels hinges on their potential to attract visitors. Our empirical analysis supports this by demonstrating that location remains crucial in virtual worlds and highlighting the role of the teleportation threshold. We discuss the model’s general applicability, reaffirming the significance of location within most virtual worlds.

中文翻译:


元宇宙中的土地估价:位置很重要



在城市经济学中,运输成本是土地价值的关键决定因素。然而,在虚拟世界中,这些成本通常受到用户传送能力的限制。借鉴城市和注意力经济学文献,我们提出了一个基于用户行为的微理论模型。该模型表明,地块的相对价值取决于其吸引游客的潜力。我们的实证分析通过证明位置在虚拟世界中仍然至关重要并强调瞬移阈值的作用来支持这一点。我们讨论了该模型的普遍适用性,重申了位置在大多数虚拟世界中的重要性。
更新日期:2024-08-26
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