The Linden Lab people, of course: They responded to complaints about falling land prices by saying they'd restrict the supply, and so they have.
It's interesting to watch auction parcels that were selling for around L$5/m---water ones---now going for twice that. (There are still a number of landlocked parcels-surrounded-by-floating-ads that are receiving no bids at all. That won't change unless that's ALL that's on offer, probably....)
It's interesting to watch. Especially for economics students, one would think: if professors aren't adding Second Life to their syllabi, they are missing a great teaching tool.
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