Daeva Vios
New Eden Credit Bureau
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Posted - 2008.03.17 23:47:00 -
[2]
 Originally by: Ghreymar LaNayeur
Edited by: Ghreymar LaNayeur on 17/03/2008 20:50:08
someone's mentioned it before, but the biggest difference between eve markets and RL markets are homogenized goods, perfectly competitive markets, and few entrance barriers.
It pretty much makes eve your textbook microeconomics example. If something is selling too high, you can expect an influx of new manufacturers to flood the market until the price drops. If the price is below break-even point, you can expect a bunch of manufacturers to liquidate and exit the market.
I think the biggest problems eve has though is the lack of a proper market for funds, and a viable futures market. Pretty much all markets would stand to gain from a market for loanable funds, and a proper futures market would be a huge boon for manufacturers and people running reaction chains.
I for one would love speculating on futures market. its a PITA calculating NAV with millions of stuff sitting in my hangar until the price goes up.
edit:
I also don't see why the OP thinks that EVE supports only one giant volatile market in jita? theres TONNES of smaller hubs out there that cater to those who don't want to make the 20 jumps out to jita, and are just as profitable and often have more price stability than jita.
The interest isn't there for a player-run futures exchange. A formal futures exchange might fare better, but it would be plagued in its early stages by scammers unless there were concrete measures to prevent it.
The market is there for funds and loan institutions do exist. Currently there is a glut of investment capital, a result of simply too much money in the game and inflation that doesn't rise to meet growing wallets. There's no way to get rid of this problem without completely eliminating all price ceilings and floors, in my eyes, though this again has been discussed and argued over and over and over.
Ultimately it doesn't much matter. The ball is in CCP's court. They have an economist who is hopefully telling them what they need to do to fix the problems in their economy, and hopefully they're listening.
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