Discussing the Economics of CoX

I know this subject has been much discussed before, but I found this blog interesting and thought others might. Okay, to be honest, it took me back to my days of studying economics and was combined with CoX so I was bound to like it, but it’s not difficult reading and (rightly or wrongly) has some interesting conclusions.

Enjoy

A Tale of Two Cities

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Quite interesting that, good find.

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Thanks for finding this, it's perfect reading material for my VG 'The Corporation', who are a villainous business. Big thumbs-up.

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Now that was a very interesting read. Particularly fascinating to know that basic economics predicts an overall INCREASE in prices if the CoH and CoV Consignment House markets are merged. I would be most interested to note how the various 'schedules' of recipes are individually impacted by such an analysis.

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The wisdom of Shadowe: Ghostraptor: The Shadowe is wise ...; FFM: Shadowe is no longer wise. ; Techbot_Alpha: Also, what Shadowe said. It seems he is still somewhat wise ; Bull Throttle: Shadowe was unwise in this instance...; Rock_Powerfist: in this instance Shadowe is wise.; Techbot_Alpha: Shadowe is very wise *nods*; Zortel: *Quotable line about Shadowe being wise goes here.*

I'd be interested to know what someone who actually knows economies etc would say would happen to the in-game economy if the AH was changed to be more like a WoW system; eg:

When you list an item you list a bid price and a sell price. Bid price is handled from an auction perspective whereby anyone can place a bid higher than it and stand a chance of winning said item. Whereas when a sell price is paid the buyer immediatly buys the item. All items that sell at a single price would be stacked and you couldn't sell to an individual. Idea being that you can list items lower than what they're worth and still have a chance at getting a high price. For buyers you only buy the lowest priced item (if such is your wish) rather than being forced to up your bid manually and potentially pay over the odds.

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Oooh interesting very interesting. Made a good read.

Now I want no demand a mergers of the markets

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