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Block Ukx
Forge Laboratories
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Posted - 2010.03.19 18:27:00 -
[1]
I hope is more than a simple insurance fix. Simply changing the IER rate will not solve the real problem.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
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Posted - 2010.03.19 20:45:00 -
[2]
 Originally by: RJ Nobel
Insurance levels are dropped to eliminate insurance exchange, while support for mineral prices is replaced by the new demand for minerals in planetary reactions. Thoughts?
Again, no need to mess around with IER if you simply address the oversupply issue. What I'm afraid is that people have complaint so much about IER that ccp perceives it as the problem and avoids working on the real problem.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
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Posted - 2010.03.19 22:48:00 -
[3]
Edited by: Block Ukx on 19/03/2010 22:49:26
Originally by: Thrasymachus TheSophist
There is no need to "reduce supply" - just remove the price support (insurance fraud) and the market will correct any "oversupply" that exists.
Wrong. The EVE market will never correct "oversupply". Supply and demmand model assumes supply is constrained by fix resources, which is not the case in EVE.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.03.20 23:50:00 -
[4]
Originally by: Thrasymachus TheSophist
Originally by: Block Ukx
Edited by: Block Ukx on 19/03/2010 22:49:26
Originally by: Thrasymachus TheSophist
There is no need to "reduce supply" - just remove the price support (insurance fraud) and the market will correct any "oversupply" that exists.
Wrong. The EVE market will never correct "oversupply". Supply and demmand model assumes supply is constrained by fix resources, which is not the case in EVE.
I don't think you've thought that through. If all ore was only worth 0.00001 ISK/unit, but was still infinitely available, do you think people would still mine? Limited supply exerts an influence on the supply/demand curve - this is true without doubt. But infinite supply does not render the model invalid - it merely means something other than scarcity is setting the price - namely the time value of the labor to collect the resource.
Yes, people will still mine it because it is needed for production (ships, ammo, etc.)
Again, Labor does not apply to eve. A play for fun, not to feed my children.
Many assumptions made for RL theories and arguments do not apply to EVE.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
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