The dynamics of a virtual market

[Silent Wizard]

Your analysis is quite interesting really. The key point is that game economics is not like real world economics because there is no real risk and is like real world economics because we are all human.

I am frequently asked by my guildies "how much is this worth?" refering to some green drop. "Its worth what someone is willing to pay" I reply. Priceing mats is easy because you have NPC buy/sell prices to compair. Finished goods such as stones, scrolls, and potions it pays to shop for competitive pricing and buy/sell accordingly.

Greens, now there is the tricky one. How do you price a green? First off there is the level. There is no point in asking for gold on a lev20 bow unenhanced as it's unlikely that a lev 20 has gold reguardless of the specs.

I would like to see an analysis of greens pricing. What specs are most desired by which class? What defines a "godly" peice of gear?

In my own gear i seek a balance/mix of specs and i suspect that others do the same unless they have chosen a pure biuld of some kind.

[Utau]

i like the example given and you remind me of my econ prof...*which is a good thing*

now if you can somehow link this to the economic crisis we see now then it would be interesting and awesome

[wompastompa]

I thank any1 who is willing to spend the time to look at such a long piece of text and respond to it....when it says"(continued)", it means its an update, a continuation of the guide

[Silent Wizard]

Your understanding of the current economic situation is fairly clear (imho) but fails to discuss the root causes:

deregulation of the finance industry with no one watching the store

The tranfer of public wealth into private hands via contracts worth huge sums of money for wars of aggression.

But all this is off the topic of fiesta economics, lets talk about that.

[Ralath]

Could you possibly do something with that humongous wall of text at the end of your first post?

I'm all for reading long posts but.... indentation and paragraphs are nice.

[wompastompa]

Your understanding of the current economic situation is fairly clear (imho) but fails to discuss the root causes:

deregulation of the finance industry with no one watching the store

The tranfer of public wealth into private hands via contracts worth huge sums of money for wars of aggression.

But all this is off the topic of fiesta economics, lets talk about that.

I mentioned free market but didn't really get specific, so I would understand why you didn't catch the correlation
and also, most analyst dont see deregulation as the root of the problem, it merely accelerated the decay of the economy

[wompastompa]

I wanted to reply in a different post as the previous was for a specific person;


I am wondering If I am wasting my time continuing this "guide", so please respond if I am indeed helping, if not, I might postpone continuation or stop alltogether


But Im curious in finding out if there is a maximum amount of characters you can input on a single post!

[Spirit]

But Im curious in finding out if there is a maximum amount of characters you can input on a single post!

Yes, there is. I cannot remember the exact number, but there is. I will try to find out for you.

EDIT: 10,000 characters.