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Captain Of Industry
Royal Amarr Institute Amarr Empire
0
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Posted - 2012.01.02 10:23:00 -
[1] - Quote
Hi all.
It's been a while since I've done any industry on my main, and I was looking at getting a Freighter, and possibly a Jump Freighter for my alt.
Hust checked the prices in Jita, and they seem to have leaped up by 100mil, and 1.5-1.6bil respectively (looking at the Charon and Rhea)
Just curious what bought about these price hikes? Not that long ago they were 800mil and 5.0-5.2bil. |
Kampffalke
Lost Souls Continuum United Pod Service
6
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Posted - 2012.01.02 10:44:00 -
[2] - Quote
Just demand i think. There Holiday all over the world, more People play Eve and more People want a Freighter or a JF. Who stops getting better, stops being good. |
Rawanda Johnson
Republic University Minmatar Republic
0
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Posted - 2012.01.03 01:23:00 -
[3] - Quote
Not to mention the mass of JF pilots who've recently abandoned gallente variants due to the oxytope spike. |
Amana Tsasa
Hedion University Amarr Empire
8
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Posted - 2012.01.03 01:36:00 -
[4] - Quote
The price hike was probably caused by a situation in which manufacturers realized that people were willing to pay those prices, so they changed them |
Aamrr
206
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Posted - 2012.01.03 06:11:00 -
[5] - Quote
This is a common economic misconception. In the absence of a monopoly, prices aren't decided by "what people are willing to pay." They're decided by what the sellers are willing to be paid. As the price of oxtyopes rises, more people are willing to go into producing them -- this continues until the market reaches an equilibrium point at which the demand is satisfied.
If the sellers tried charging what "people were willing to pay", then other sellers would just undercut them. It's this undercutting mechanism that keeps the supply/demand curve running. And when demand exhausts the supply of someone who does the unercutting, the next seller gets to set the going rate.
What we're seeing here isn't a change in demand -- if anything, demand is decreasing as people seek out substitute goods (using a different race of jump freighter, etc.). This is very obviously a supply-induced market effect.
Now, sellers are always capable of buying out the stocks of those who undercut them and attempting to resell it at a higher rate -- but then they have a higher supply of goods to liquidate, which could then be undercut by yet another producer. If they engage in this practice too much, they're left with a stockpile of goods they can't sell at their desired rate (or even the rate they purchased it at). So this is a calculated risk on the part of the trader, and doesn't affect the going rate in the long term. |
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