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Otocinclus
FODT
4
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Posted - 2011.11.17 05:00:00 -
[61] - Quote
K Suri wrote:Iam Widdershins wrote:K Suri wrote:Otocinclus wrote:Again, if you understood the basics of economics, the increase in price wouldn't be so difficult to grasp. Various people have tried to explain it to you, but you seem to be too preoccupied replying to widders and myself.
oh ffs. Oto says >>> A lack of PLEX supply isn't causing the rise in price. I don't know how many posts will be required for you to understand this. Iam says >>> The fact remains that there are a limited number of people who can afford to spend extra money IRL and are willing to do so to get money in EVE, a limited amount they can spend, and a limited amount of ISK they actually need. Meanwhile, the number of people paying for the game by purchasing PLEX is rising rapidly. K Suri SAID >>> Demand in game is obviously exceeding supply from RL. Iam says >>> I don't understand how you can be so blitheringly dim. Neither can I. I'm more confused now than when I started. All of these are saying the same ******* thing, in a nearly unending hail of conceptual baseball bats hammering your God-forsaken skull: 1. Supply is more or less the same 2. Demand is skyrocketing, as is the wealth of certain groups of players3. This is why PLEX prices are going up It is you who are incapable of reading, even when you go to the trouble of highlighting the sa. (I did read your OP, it made my brain bleed a little bit.) edit:K Suri wrote:Even then, so Seller doesn't starve isn't he likely to reduce prices to get Buyer to buy? Obviously people are still buying them, you blithering mudkip. K Suri SAID >>> Demand in game is obviously exceeding supply from RL.So looking past the anger it would have been easier to say "yes" when I asked the question before. I KNOW they're going up. I KNOW people are buying them. I KNOW SUPPLY is not keeping up with DEMAND. I was asking WHY?!!?!??! (i.e. Was highsec income the sole contributing factor?) No wonder the world's economy is so ******.
The supply of plex isn't at a sudden risk of being depleted by the increased demand for plex. The demand is vastly increased, and sellers are able to take advantage of it by charging more, knowing that the demand will be coming from incursion runners in desire of more accounts, college students, and people resubbing in anticipation of Crucible. Of course, those of us who have billions in the wallet will probably continue to pay for the inflated plex, hoping that it's just a spike. |
K Suri
Red Gooey Bananas
43
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Posted - 2011.11.17 20:33:00 -
[62] - Quote
Iam Widdershins wrote:K Suri wrote:(I couldn't make Occupy Wall Street sorry - I was too busy making money in RL) You are a douche. Why's that? Because I'm calling the whole Occupy concept into question? It's failed.
Now get a job, work hard, make yourself rich and stop blaming everyone else.
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Destiny Corrupted
Deadly Viper Kitten Mitten Sewing Company
81
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Posted - 2011.11.17 22:48:00 -
[63] - Quote
How? Are you hiring?
K Suri wrote:( It's a bit like this topic. A lot of people are getting rich using the games many options. The complaints are coming thick and fast that highseccers shouldn't be "allowed" to because they can do so with less risk.
I ask, why not join them? Instead of complaining and looking to change payouts etc. because YOU can't get it right! ) What do you mean we can't get it right? I think we got it right just fine by figuring out how to gank them and take their stuff. They're the ones complaining; we're just saying that the only way we'll shift our target priorities is if income is rebalanced. |
Tippia
Sunshine and Lollipops
1538
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Posted - 2011.11.17 23:04:00 -
[64] - Quote
Here's an interesting word for you: consumption. GÇöGÇöGÇö GÇ£If you're not willing to fight for what you have in GëívGëí you don't deserve it, and you will lose it.GÇ¥ GÇö Karath Piki-á |
Adunh Slavy
Ammatar Trade Syndicate
89
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Posted - 2011.11.18 00:18:00 -
[65] - Quote
K Suri wrote:Zynar11 wrote:That would be true except for that inflation thing. Inflation has the effect of increasing prices due to demand because of greater disposable income.
Prices go up because producers can charge more, not because people want more. People always want an unlimited supply of goods, infinite demand will exist regardless.
Those items in Eve, that have relatively inelastic supply, have generally the same cost in terms of time (real cost versus nominal (ISK price)) they always have always had. |
Adunh Slavy
Ammatar Trade Syndicate
89
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Posted - 2011.11.18 00:37:00 -
[66] - Quote
Destiny Corrupted wrote:I mentioned this in another post a few weeks ago. Imagine an auto industry that was limited only to the first consumer vehicle produced on a large scale: the Ford Model T. What would happen to this industry a few years down the line, after many factories go up, and the entirety of the world's population owns cars? Sure, some cars would be wrecked in crashes every year, and some would just break down on their own. But you see what I'm getting at, right?
Glad to see the overlooked aspect of the Broken Window Fallacy get some light shed upon it. |
Tippia
Sunshine and Lollipops
1541
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Posted - 2011.11.18 00:54:00 -
[67] - Quote
Adunh Slavy wrote:Glad to see the overlooked aspect of the Broken Window Fallacy get some light shed upon it. Well, that's one of the more important things that separates the EVE economy from the real-world economy: around here, the broken window is no longer a fallacy, but a key componentGǪ
GÇöGÇöGÇö GÇ£If you're not willing to fight for what you have in GëívGëí you don't deserve it, and you will lose it.GÇ¥ GÇö Karath Piki-á |
Adunh Slavy
Ammatar Trade Syndicate
89
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Posted - 2011.11.18 01:30:00 -
[68] - Quote
Tippia wrote:Adunh Slavy wrote:Glad to see the overlooked aspect of the Broken Window Fallacy get some light shed upon it. Well, that's one of the more important things that separates the EVE economy from the real-world economy: around here, the broken window is no longer a fallacy, but a key component
Yep, quite true. It does have some curious side effects, not enough places for excess wealth to go is the big one. Suppose that Nex store stuff could be bought with ISK and only ISK, so that it was an ISK sink. That would be one way to consume excess wealth from the game. Granted we can buy PLEX with ISK and use PLEX to Aurum conversion, but that just moves ISK around, it doesn't consume it, so that excess wealth consumption is not expressed with the Nex store.
Suppose we could feed minerals to our ships, and as we "feed" them minerals, they grow more EHP, do this over a logarithmic scale, so that it takes ever increasing amounts of minerals to boost stats. Lots of excess wealth could be consumed that way too.
But things like this don't exist, so we get more and more and more stuff, none of which has any sort of inelastic demand component.
Eve needs some consumables, hungry mouths to feed, a derivatives market, a capital market, more places for excess wealth to go with high risk. True invention, player created content that can be sold in-game (massive consumer of time those would be.)
etc etc |
Iam Widdershins
Project Nemesis Moar Tears
265
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Posted - 2011.11.18 02:05:00 -
[69] - Quote
Adunh Slavy wrote:Eve needs some consumables, hungry mouths to feed, a derivatives market, a capital market, more places for excess wealth to go with high risk. True invention, player created content that can be sold in-game (massive consumer of time those would be.)
etc etc There sort of exists an aspect in which investments yield logarithmically decreasing returns; that is, T2 / Faction / Deadspace / Officer fittings and ships. The problem with these, from a macroeconomic standpoint, is that they do not actually destroy extra ISK; from a personal (microeconomic) standpoint, sure, you just lost 20 billion isk when your stupidly expensive Machariel was exploded, but VERY little of the resources that went into the production of this item actually removed ISK from the market: it merely changed hands to someone who spent an awful lot of time and got lucky with some fancy goods for you to buy.
Implants are an exception; a significant portion of the cost of most implants is destroyed directly by the LP store.
As for the Broken Window parable, it is true that a large number of goods in EVE are constrained only by user activity: All standard minerals, as well as ISK itself, are good examples of this. Some other things, such as bottleneck moon minerals and some of the rarer faction goods, are not: Their production rate is relatively, or completely, inelastic compared to the amount of time and effort that is spent to acquire them. Technetium is a prime example of this: At a conservative estimate, at least 95 percent of EVE's theoretical maximum capacity for Technetium production is being exploited constantly. |
Hebsley
Dark Riders Games of Divinity
0
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Posted - 2011.11.18 03:44:00 -
[70] - Quote
lol |
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Hebsley
Dark Riders Games of Divinity
0
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Posted - 2011.11.18 03:46:00 -
[71] - Quote
Iam Widdershins wrote:You are a douche.
this |
Mara Rinn
Cosmic Industrial Complex Cosmic Consortium
298
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Posted - 2011.11.18 04:01:00 -
[72] - Quote
K Suri wrote:wtf is it with people whining how much is made by players in all the various ways in Eve, in particular L4 missions and Incursions?
Economics 101 - When you provide better income it drives demand because there is more disposable income being spent. - When things are cheaper, people will also buy more, creating more demand.
Result - Greater demand reduces supply thus increasing prices etc.
It's basic economics and we see it every day all over the world in RL.
The counter to "greater disposable income being spent" is "demand is satisfied." All these people flying around 30B ISK mission boats are not consumers. They are ISK producers who consume very little (if any) resources. The volume of resources consumed by ammunition pales in significance to the quantity of ISK obtained through the consumption of those resources. The mission-runners certainly aren't flying the 35B ISK ship anywhere that they're expecting to consume the ship itself. |
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