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View Full Version : Market prices, uses of demand and supply, crazyness or ...?


Ramiz
11-16-2008, 02:27 AM
[ SELLERS ] [ BUYERS ]
List of players selling perfume within your current market range.
ITEM SELLER AMOUNT SELL PRICE DELIVERY TIME (refresh)
10 180 (18/per) 1 hours 12 mins
10 180 (18/per) 1 hours 12 mins
10 180 (18/per) 1 hours 12 mins
5 100 (20/per) 1 hours 12 mins
5 100 (20/per) 1 hours 12 mins
5 100 (20/per) 1 hours 12 mins
5 100 (20/per) 1 hours 12 mins
5 100 (20/per) 1 hours 12 mins
5 100 (20/per) 1 hours 12 mins
5 100 (20/per) 1 hours 12 mins


[ SELLERS ] [ BUYERS ]
List of players selling jewelry within your current market range.
ITEM SELLER AMOUNT SELL PRICE DELIVERY TIME (refresh)
15 435 (29/per) 54 minutes
5 150 (30/per) 1 hours 12 mins
10 300 (30/per) 54 minutes
10 300 (30/per) 1 hours 12 mins
10 300 (30/per) 1 hours 12 mins
5 150 (30/per) 1 hours 12 mins
50 1500 (30/per) 36 minutes
25 825 (33/per) 54 minutes
25 875 (35/per) 18 minutes
10 350 (35/per) 18 minutes
10 350 (35/per) 18 minutes


[ SELLERS ] [ BUYERS ]
List of players selling sculpture within your current market range.
ITEM SELLER AMOUNT SELL PRICE DELIVERY TIME (refresh)
15 360 (24/per) 54 minutes
10 250 (25/per) 54 minutes


"Market price is an economic concept with commonplace familiarity; it is the price that a good or service is offered at, or will fetch, in the marketplace; it is of interest mainly in the study of microeconomics. Market value and market price are equal only under conditions of market efficiency, equilibrium, and rational expectations.

Many second order factors bear on market price in practice, not least the availability of market information to suppliers and potential purchasers.

In classical economics, the market price of a good or service is established in relation with demand, and in inverse relation with supply, which is to say the market price decreases as supply increases; increases as supply decreases; increases as demand increases; and decreases as demand decreases. The actual market price will establish a particular price point, valid for a short period which is the meshing of current demand and supply.

Supply and demand is an economic model describing effects on price and quantity in a market. It predicts that in a competitive market, price will function to equalize the quantity demanded by consumers, and the quantity supplied by producers, resulting in an economic equilibrium of price and quantity. The model incorporates other factors changing equilibrium as a shift of demand and/or supply."

Wiki

Therlun
11-16-2008, 03:08 AM
I'm not quite sure what your what your statement is, as you just posted some numbers and a wiki entry.

I would assume you mean the discrepancy between the higher amount of jewellery which would justify a lower price compared to fewer units of perfume on the market...

There are many issues and it is a complex problem, but I think it can be reduced to a few, very general points:

1. Its a game, and game economies follow different rules.
Normal economic developments are twisted, mutated or outright reversed in many games and different situations in those games.
Psychological effects often have a much greater effect in games and overshadow other reasons.

2. Demand in a normal sense is different from demand in a game.
There is little consumption in this game for instance.

3. The "market" you see only makes a part of the whole market. Private trades, anticipated developments, secondary cities and the neighbourhood have a big influence too.