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Kitchie
Gallente
Kitchie's Logistics and Marketing Corp
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Posted - 2008.09.24 15:39:00 -
[1]
 Originally by: Mass Extinction
Originally by: Treelox
Now you see thats the funny thing, GTC's are "worth" exactly what people will pay for them. Not what you wish you could pay for them. A perfect example of a free market in action.
And a perfect example of why free markets dont work for anyone but the seller.
Huh? How do you work that out? If the prices were forced down by CCP, fewer people would want to sell and more people would want to buy. You'd end up with a situation like Russia before Perestroika, where people had to queue for days for basic goods because demand outstripped supply. The GTCs just wouldn't be there for people to buy.
Worst of all, you would create a "non-secure" black market where people sold GTCs for what people who really wanted them would be willing to play and the scammers would be back.
Prices balance to a level where there are enough buyers willing to pay a given price for whatever volume of goods are available.
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Kitchie
Gallente
Kitchie's Logistics and Marketing Corp
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Posted - 2008.09.24 15:41:00 -
[2]
Originally by: Slinkus Gallentus
You accept an invitation to buy a code, but dont complete the deal. I believe the deal can be there for 48 hours unless it is accepted or cancelled. This would put the greedy's time codes on hold for up to 48 hours.
At the end of the 48 hours they get no sale. Sellers would be left with the time code that they have already paid for and it would soon become a burden for them to try and off-load.
Sellers can cancel the offer anytime they want. If they haven't been taken up in 15 or 20 mins, that's usually what they do and sell to someone else.
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Kitchie
Gallente
Kitchie's Logistics and Marketing Corp
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Posted - 2008.09.24 15:50:00 -
[3]
Edited by: Kitchie on 24/09/2008 15:54:01
Originally by: Mass Extinction
That's absolute nonsense and not supported by history.
When there was not a monopolised product, ie. when you could buy either 30 or 90 day GTC, there was no shortage of GTC sellers.
I suggest you do Economics 101 before you post again.
Who has this Monopoly? From what I see there are hundreds of different sellers. CCP don't set any ISK price on GTCs, it's purely up to the sellers.
If it's a cartel, you could break it by buying 100s of GTCs and selling them cheap. Think of it, you could end this "Monopoly"!
One of the benefits of the secure system is that you can't resell GTCs bought for ISK, they're automatically added as gametime to your account so market manipulation by buying cheap, selling high doesn't work.
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Kitchie
Gallente
Kitchie's Logistics and Marketing Corp
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Posted - 2008.09.24 15:57:00 -
[4]
So tell me, who is it who has this monopoly and is reaping the benefits of the higher prices? Makes no difference to CCP, they get the same amount whether bought by a player for his own time or a GTC seller.
According to you, someone has engineered a monopoly in order to get a higher selling price. I still can't see who it is you're referring to.
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