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Yes you can, I was once gifted a game by someone from different zone.

Also, the pricing zones aren't that much about euro/dollar as they are about distributors (some of them at least). They are no different from music/movie distributors. I would understand that in the case of Skyrim for example, where the Russian version is much cheaper. But I really don't understand why some distributors make games cheaper in US than in Europe, considering the Europe is well bellow the USA in purchasing power. And if I remember correctly, Australians got the most expensive games of all.

We can only be happy that there are no zone restrictions as there are on DVDs. Or are there?

Europe is below USA in purchasing power in part because things are more expensive here. Things like games.

There are a whole bunch of reasons: a less competitive market; less scale; complying to country-specific details - everything from translation to censorship schemes to VAT; less price sensitivity; different sales channel setup (game publishers may not want to undercut the physical sales channel by discounting Steam games so much); etc.

There are restrictions on DVD's... take it from someone who's tried to watch an American DVD on a European DVD player and vice versa. They are pretty easy to unlock though

Yes, some Steam games are available only in particular regions.

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