Land valuation in the metaverse: location matters
研究了虚拟世界中土地价值如何受位置影响，基于用户行为构建理论模型，发现传送门槛决定了地块吸引访客的能力，从而影响其相对价值。
Abstract 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.