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Milk Supreme
ZionTCD Legacy Rising
127
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Posted - 2012.07.23 18:06:00 -
[1] - Quote
Maken Tosch wrote:@Tony
As Drake mentioned, the problem with your argument is that Eve players have had almost complete control of the market for nine years non stop and yet the market has remained relatively stable since the beginning. Prices rise and fall based not only on supply and demand but also on the average income that players make on a daily basis as well as the mineral price index that is reported quarterly by CCP Diagoras and how accessible the minerals are.
The Eve free-market system is also following another principle of the free-market system that the real world also uses: The Invisible Hand Theory. This theory was introduced to the world in a book titled The Wealth of Nations by Adam Smith and it states that the self interests of the individuals or entities participating in the free-market system will ensure that the market stabilizes itself even if it undergoes some instabilities.
A clear cut example in Eve Online is the instability of the in-game market caused by Goonswarm Federation and their allies. Many predicted that the market will fail under such strain and cause the game to implode under its own weight. But the Invisible Hand Theory ensured that such a thing would never happen because other players, mainly those who are not associated with Goonswarm were able to help balance the economy as they took advantage of the price fluctuations. For example, if the price rises on a certain commodity then manufacturers will produce and traders will sell said commodity in bulk to cash in on the price spike. This cause the price to drop to a more manageable level. If the price drops too low and supply is abundant then buyers and traders will buy in bulk and cause the supply to lower and thus prices to rise. The free-market system is basically a self-fulfilling prophecy.
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Milk Supreme
ZionTCD Legacy Rising
127
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Posted - 2012.07.23 18:26:00 -
[2] - Quote
Xocoyol Zaraoul wrote:
I don't think you understand how a capitalistic economy works, with this logic almost every ship would be unaffordable. Things will be fine, as the cutthroat economy will mean someone will always undersell someone else. Jita is a perfect example of this.
FYP |
Milk Supreme
ZionTCD Legacy Rising
127
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Posted - 2012.07.23 18:37:00 -
[3] - Quote
Tony Calif wrote:Not if you are producing it. Then we work for you, no choice if we want good gear. I'm only playing devils advocate here.
Xocoyol Zaraoul wrote:
I don't think you understand how a capitalistic economy works, with this logic almost every ship would be unaffordable. Things will be fine, as the cutthroat economy will mean someone will always undersell someone else. China, America and other Western civilisations are perfect example of this.
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Milk Supreme
ZionTCD Legacy Rising
127
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Posted - 2012.07.23 18:46:00 -
[4] - Quote
Mobius Wyvern wrote:Tony Calif wrote:Not if you are producing it. Then we work for you, no choice if we want good gear. I'm only playing devils advocate here. While that is a good point, its still missing some of the factors in play. Among others is the fact that we, as a playerbase, do -not- cooperate. I think the Jita Riots was one of the few examples of all of us agreeing on something. We may only have 400k players, compared to other MMOs, but the market system among other factors means that we all have our own agendas and we'll all do whatever it takes to further them. So, as in EVE, you -will- find people selling Prototype gear for 1 million ISK. And you will also find people selling it for 9-12k. You're going to start to see that the gear you buy will vary in price dramatically based on location. If War Barges are going to function like Jump Freighters, aka be gate capable, then I wouldn't be surprised to see those joining the population of Jita looking to get a good deal on hardware. For every person that over-inflates a price, there will be someone else to undercut them to make a profit. The market tends to balance itself out fairly nicely. Just make sure you -NEVER- buy -ANYTHING- from Contracts. Don't ever trust a single one of them.
I have a feeling the DUST market won't be regionally divided, nor have an item contract system. Too complex for PS3
Although having a centralised market does rule out any possibility of margin trading profit which sucks |
Milk Supreme
ZionTCD Legacy Rising
127
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Posted - 2012.07.23 18:52:00 -
[5] - Quote
Tony Calif wrote:Quote:So the only situation in which it could really be an issue is if EVE players as an almost entire entity decided to collude and raise prices as a bloc similar to how OPEC operates in the real world, but on a much larger scale. Of course, there would be no reason for this to occur - everyone would lose money and an effective fighting force.
You heard of OTEC? The thing to really remember is that if these problems occur, it would affect all dusters with poor contacts fairly evenly, so everyone would be in advanced gear at best. Tbh it's not so much of a problem IMHO, and just a possibility. Any Dusters can always join a null alliance in the long run and will be getting sorted nicely anyway. Provided they're winning I hope that the active cloaks will be billions each though. I hate invisible people. Especially with a shotgun.
The difference between OTEC and things like this is that Technetium comes from a singular source situated in a singular area where the locals collude to artificially inflate the price. This is not unlike oil is in the world right now, where there are very few sources of oil and all of those few cartels are colluding to keep oil prices as they are.
This kind of thing is manufactured from basic minerals and building blocks which will be available all around the galaxy, therefore making collusion almost impossible.
I should know, I am part of OTEC.
As for it affecting freelance DUST mercs due to low profit contracts, well that would be up to the players do decide, whether they are willing to pony up the ISK for anyone to fight for, or directly contact well known established DUST mercs.
Who knows, maybe people will eventually only send profitable contracts to established corporations and DUST mercs will have to establish themselves accordingly. But that is for players to decide |
Milk Supreme
ZionTCD Legacy Rising
127
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Posted - 2012.07.23 18:58:00 -
[6] - Quote
Xocoyol Zaraoul wrote:Mobius Wyvern wrote: In point of fact, a -lot- of people price things at insane levels in EVE. They just do it because every now and then someone will buy the item without looking, thus giving them a windfall of ISK for something not worth nearly that much. Which is also why, as I said, you should never buy from contracts.
I should also point out that common ISK scamming like this is not the majority of sells, and more power to the sharks who are the living enactment of "stupid people tax." I do love the people who do not notice the extra three zeros and such on things, or don't research when buying very expensive rare items.
:Apple Computers: |
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