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Previous article in issue: Challenges and Opportunities in Economics Experiments in Virtual Worlds. Next article in issue: Experience and Confidence in an Internet-Based Asset Market Experiment.

Investors in large issuances lost more than investors in small issuances, and small investors experienced more severe losses relative to large investors when more money was at stake, indicating that the market did a poor job of protecting investors from issuers and of providing a level playing field for investors. Theories from financial economics can explain the markets' poor performance in the absence of regulatory and legal institutions, but they cannot easily explain why issuers were able to raise capital in such a setting.

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Challenges and Opportunities in Economics Experiments in Virtual Worlds Unregulated stock markets in second life article in issue: Challenges and Opportunities in Economics Experiments in Virtual Worlds Next article in issue: Experience and Confidence in an Internet-Based Asset Market Experiment Next article in issue: Symposium Unregulated Stock Markets in Second Life Authors Robert J.

BloomfieldCorresponding author E-mail address: Search for more papers by this author. School of Accountancy, Singapore Management University, 60 Stamford Road, Singapore Search for more papers by this author.

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Unregulated Stock Markets in Second Life by Robert J. Bloomfield, Young Jun Cho :: SSRN

Number unregulated stock markets in second life times cited: Auction house behavior in the Massively Multi-player Online Game Glitch, Daily schwab stock market news Computing, 54, CrossRef 2 William N. DillaCan Avatars Fight Fraud? How Virtual Business Environments Facilitate Learning More About Fraud Investigation and Prevention, Journal of Information Systems, 272, CrossRef 3 Ruoke YangCould the Virtual be Similar to the Real?

Unregulated Stock Markets in Second Life - Bloomfield - - Southern Economic Journal - Wiley Online Library

A First Look from an Efficient Markets Perspective, Quarterly Journal of Finance, 0303n04, CrossRef 4 William N. DillaAndrew J. HarrisonBrian E.

Unregulated Stock Markets in Second Life - Bloomfield - - Southern Economic Journal - Wiley Online Library

MenneckeDiane J. JanvrinThe Assets Are Virtual but the Behavior Is Real: An Analysis of Fraud in Virtual Worlds and Its Implications for the Real World, Journal of Information Systems, 272, CrossRef 5 Ernan HaruvyChallenges and Opportunities in Economics Experiments in Virtual Worlds, Southern Economic Journal, 781, 1 Wiley Online Library.

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