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E25: The Veblen Goods Model That Explains Web3 (w/Dr.Sam Rosen)
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Dr. Sam Rosen of Temple University finally unleashes the Veblen Goods model for which every Game Economist yearns. We discuss:
- Why don't sold-out artists raise ticket prices?
- Why do NFT projects go boom or bust?
- Should auction-based goods mask demand for their products?
- What types of Pokémon are optimal for collecting in Go?
Dr.Rosen's paper, co-authored with Dr.Anthony Lee Zhang & Sebeom Oh, is out now!
Chapters
1. Understanding NFTs as Veblen Goods (00:00:00)
2. Exploring NFTs in Gaming Culture (00:06:24)
3. Understanding NFTs and Veblen Goods (00:13:42)
4. Navigating Veblen Goods and NFTs (00:22:07)
5. NFT Scalpers and Market Efficiency (00:28:42)
6. Navigating NFT Utility and Speculation (00:32:18)
7. Exploring Veblen Goods in NFTs (00:42:41)
8. Property Rights and NFTs (00:48:49)
9. Digital Ownership in Web3 Games (00:53:58)
42 episodes
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