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Auction House
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methjester✭✭✭Yes!alphawolph wrote: »QQ more guys.
ESO does not have an Auction House. It never has. I read Prior's remarks on the Road Ahead and there is a glaring absence of discussion about a global auction house. Weird.
You poor things... Just can't have what you want.
Oh wait - you can! It's called every other MMO on the market.
You don't need to be an ass, just because you disagree with someone.
Just logged on again. Remarkably enough there is still not an Auction House. Guess it's time for one of you precious little things to start yet another thread about it.
Im not sure what is more amazing, that you took a break from trolling, or that you can ACTUALLY manage to logon. I sense a new poll in the making.
Either mom made his dinner early, or his homework was a lil bit hard tonight. Either way I'm wrong.0 -
alphawolph✭✭✭Yes!alphawolph wrote: »QQ more guys.
ESO does not have an Auction House. It never has. I read Prior's remarks on the Road Ahead and there is a glaring absence of discussion about a global auction house. Weird.
You poor things... Just can't have what you want.
Oh wait - you can! It's called every other MMO on the market.
You don't need to be an ass, just because you disagree with someone.
Just logged on again. Remarkably enough there is still not an Auction House. Guess it's time for one of you precious little things to start yet another thread about it.
Aww, I think your precious too.
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rdfarley89✭✭✭No!Add an auction house and this game will be just like wow, people just running around farming nodes and selling everything, or buying for low and setting their price to sell at and all that crap. I hated it in wow, and I will hate it here. Plus if anyone had been in the latest dev chat on Reddit someone mentioned an AH and someone I believe it was Matt Firor said that they have no plans to add an auction house, ever.1 -
alphawolph✭✭✭Yes!rdfarley89 wrote: »Add an auction house and this game will be just like wow, people just running around farming nodes and selling everything, or buying for low and setting their price to sell at and all that crap. I hated it in wow, and I will hate it here. Plus if anyone had been in the latest dev chat on Reddit someone mentioned an AH and someone I believe it was Matt Firor said that they have no plans to add an auction house, ever.
I do all this now.
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Dyvim✭✭✭Yes!alphawolph wrote: »rdfarley89 wrote: »Add an auction house and this game will be just like wow, people just running around farming nodes and selling everything, or buying for low and setting their price to sell at and all that crap. I hated it in wow, and I will hate it here. Plus if anyone had been in the latest dev chat on Reddit someone mentioned an AH and someone I believe it was Matt Firor said that they have no plans to add an auction house, ever.
I do all this now.
Exactly, predators that want to game this system and make money off of it can still do that easily...in fact, it is easier for them, since the game fails to provide the kind of market information and efficient pricing that is baked into larger markets (AHs). You cannot have a healthy economy withOUT economic activity, and you cant have a healthy economy withOUT gold sinks...and it just so happens that AHs are one of the best facilities for both.
Edited by Dyvim on May 6, 2014 8:57PMAngels are bright still, though the brightest fell... -S.0 -
Brennan✭✭✭No!alphawolph wrote: »rdfarley89 wrote: »Add an auction house and this game will be just like wow, people just running around farming nodes and selling everything, or buying for low and setting their price to sell at and all that crap. I hated it in wow, and I will hate it here. Plus if anyone had been in the latest dev chat on Reddit someone mentioned an AH and someone I believe it was Matt Firor said that they have no plans to add an auction house, ever.
I do all this now.
Exactly, predators that want to game this system and make money off of it can still do that easily...in fact, it is easier for them, since the game fails to provide the kind of market information and efficient pricing that is baked into larger markets (AHs). You cannot have a healthy economy with economic activity, and you cant have a healthy economy without gold sinks...and it just so happens that AHs are one of the best facilities for both.
Except that with the current system, no single person or group of people can effectively manipulate the entire global economy. Predators can game the guild system all they want. At most, that will affect 2500 players. Add an AH and it affects them all.
There is no S.E.C. here.
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rdfarley89✭✭✭No!Either way poll is still pointless as they have verified that they will not add an auction house. The response on reddit was pretty negative too. I am conflicted on this but it would help if they made mats sell for less to vendors then people couldn't just farm nodes all day and sell the mats, but at the same time I like to offload some of my excess mats from the bank when I hit around 200x of any given mat so that would help and hinder me.1
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Dyvim✭✭✭Yes!alphawolph wrote: »rdfarley89 wrote: »Add an auction house and this game will be just like wow, people just running around farming nodes and selling everything, or buying for low and setting their price to sell at and all that crap. I hated it in wow, and I will hate it here. Plus if anyone had been in the latest dev chat on Reddit someone mentioned an AH and someone I believe it was Matt Firor said that they have no plans to add an auction house, ever.
I do all this now.
Exactly, predators that want to game this system and make money off of it can still do that easily...in fact, it is easier for them, since the game fails to provide the kind of market information and efficient pricing that is baked into larger markets (AHs). You cannot have a healthy economy with economic activity, and you cant have a healthy economy without gold sinks...and it just so happens that AHs are one of the best facilities for both.
Except that with the current system, no single person or group of people can effectively manipulate the entire global economy. Predators can game the guild system all they want. At most, that will affect 2500 players. Add an AH and it affects them all.
There is no S.E.C. here.
You cant do that in game unless you control the means of production...more of whatever item will always drop. If the game makes certain things rare, they are going to be more valuable, duh.
Also this game has something much MORE POWERFUL than the SEC....the devs, which can do pretty much anything, including making something worthless overnight.
Angels are bright still, though the brightest fell... -S.0 -
SunfireKnight86✭✭✭✭Yes!Thechemicals wrote: »SunfireKnight86 wrote: »They'll put one in, or something just like one. It's just a question of when.
When the game has been thouroughly explored and an auction house is not such a threat to exploration and treasure hunting.
Done. I'm VR10. AH now please.
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alphawolph✭✭✭Yes!alphawolph wrote: »rdfarley89 wrote: »Add an auction house and this game will be just like wow, people just running around farming nodes and selling everything, or buying for low and setting their price to sell at and all that crap. I hated it in wow, and I will hate it here. Plus if anyone had been in the latest dev chat on Reddit someone mentioned an AH and someone I believe it was Matt Firor said that they have no plans to add an auction house, ever.
I do all this now.
Exactly, predators that want to game this system and make money off of it can still do that easily...in fact, it is easier for them, since the game fails to provide the kind of market information and efficient pricing that is baked into larger markets (AHs). You cannot have a healthy economy withOUT economic activity, and you cant have a healthy economy withOUT gold sinks...and it just so happens that AHs are one of the best facilities for both.
It's funny cause this system screws the buyers. But they seem to like it best.1 -
methjester✭✭✭Yes!rdfarley89 wrote: »Either way poll is still pointless as they have verified that they will not add an auction house. The response on reddit was pretty negative too. I am conflicted on this but it would help if they made mats sell for less to vendors then people couldn't just farm nodes all day and sell the mats, but at the same time I like to offload some of my excess mats from the bank when I hit around 200x of any given mat so that would help and hinder me.
It's not my fault they designed a trading system that would be embarrassing by 2002's standards. I think they can do better. You should expect more out of a AAA MMO these days than standing by a rock shouting that you have wares for sale.
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Brennan✭✭✭No!alphawolph wrote: »rdfarley89 wrote: »Add an auction house and this game will be just like wow, people just running around farming nodes and selling everything, or buying for low and setting their price to sell at and all that crap. I hated it in wow, and I will hate it here. Plus if anyone had been in the latest dev chat on Reddit someone mentioned an AH and someone I believe it was Matt Firor said that they have no plans to add an auction house, ever.
I do all this now.
Exactly, predators that want to game this system and make money off of it can still do that easily...in fact, it is easier for them, since the game fails to provide the kind of market information and efficient pricing that is baked into larger markets (AHs). You cannot have a healthy economy with economic activity, and you cant have a healthy economy without gold sinks...and it just so happens that AHs are one of the best facilities for both.
Except that with the current system, no single person or group of people can effectively manipulate the entire global economy. Predators can game the guild system all they want. At most, that will affect 2500 players. Add an AH and it affects them all.
There is no S.E.C. here.
You cant do that in game unless you control the means of production...more of whatever item will always drop. If the game makes certain things rare, they are going to be more valuable, duh.
Yes you can - By buying all of one material that is being sold below your price and relisting it at a huge markup.
Also if more of whatever item will always drop, what possible need do I or anyone else have for a centralized location to buy it?
Additionally, if these predators that you speak of infiltrate a guild store, the guild leader and guild line members have options - boot the predator, move to another guild, etc.
In a global environment you don't have those choices. There is no TOS or EULA against playing the market in this manner. If an individual or group of individuals engages in this activity, then what?Also this game has something much MORE POWERFUL than the SEC....the devs, which can do pretty much anything, including making something worthless overnight.
I think that is a big waste of a developer's time and salary. I am not paying a subscription so a dev can work to regulate a global market. I am paying for new content and features.
You've already stated and submitted as fact in this thread and others @Dyvim that Zenimax left out an AH because they didn't have time. You still haven't provided a source so you're just making stuff up.
I disagree with your opinion. I think that the omission of the AH was intentional and is working as intended and the interviews with both Paul Sage and Matt Prior reflect that.Edited by Brennan on May 6, 2014 9:21PM2 -
Dyvim✭✭✭Yes!@Brennan
And NEW supplies of that material will continue being introduced into the game. Again, UNLESS you CONTROL the means of production, you cannot completely corner the market. Can you impact pricing? Maybe, but ITS HARDER TO DO in a LARGE MARKET, than IN A SMALL MARKET.
UNDERSTAND that large markets are inherently MORE EFFICIENT and HARDER TO MANIPULATE than small markets. GRASP that concept, please.
Also, you might think it is a waste to make sure that devs work to maintain a healthy economy, but every MMO shop on the planet is going to laugh at you.Edited by Dyvim on May 6, 2014 9:32PMAngels are bright still, though the brightest fell... -S.3 -
Drachenfier✭✭✭✭✭
✭Yes!Brennan, you have got to be the most hard headed person I've ever seen. I've never seen someone so intent on disregarding every point made in favor of "nana I can't hear you" style retorts.3 -
Brennan✭✭✭No!@Brennan
And NEW supplies of that material will continue being introduced into the game. Again, UNLESS you CONTROL the means of production, you cannot completely corner the market. Can you impact pricing? Maybe, but ITS HARDER TO DO in a LARGE MARKET, than IN A SMALL MARKET.
Source?UNDERSTAND that large markets are inherently MORE EFFICIENT and HARDER TO MANIPULATE than small markets. GRASP that concept, please.
Source?Also, you might think it is a waste to make sure that devs work to maintain a healthy economy, but every MMO shop on the planet is going to laugh at you.
They've already taken steps to maintain a healthy economy. You just don't like how they're doing it.
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Brennan✭✭✭No!Drachenfier wrote: »Brennan, you have got to be the most hard headed person I've ever seen. I've never seen someone so intent on disregarding every point made in favor of "nana I can't hear you" style retorts.
I'm not one of the people making thread after thread after thread after thread about an Auction House.
My retort is this -
No one that has posted here in this thread or any of the two dozen other threads about an Auction House has provided ANY credible information as to why an Auction House is an absolute necessity in this game.
The developers have already weighed in on this, before launch and a month after launch.
What is hard headed is continuing a crusade for something that is not going to happen. making stuff up and submitting it as fact, and whining about not getting your way.
Better luck next year fellas. I look forward to more repetitive and useless threads on this matter with the same repetitive and useless arguments.1 -
Dyvim✭✭✭Yes!@Brennan
Source is econ 101. Look it up, educating you in fundamentals isn't my job, but if you want to have a basic conversation and be taken seriously, I suggest you learn. It is clear your understanding is lacking based on your weak arguments and inexplicable positions. Want me to explain why the sky is blue to you, while we are at it?
And that's just it, they are doing the EXACT opposite of what needs to be done to have a healthy economy. They are stifling economic activity by arbitrarily restricting it and segregating it, leaving us with a series of small markets, instead of a few larger ones.Edited by Dyvim on May 6, 2014 9:55PMAngels are bright still, though the brightest fell... -S.1 -
Brennan✭✭✭No!@Brennan
Source is econ 101. Look it up, educating you in fundamentals isn't my job, but if you want to have a basic conversation and be taken seriously, I suggest you learn. It is clear your understanding is lacking based on your weak arguments and inexplicable positions.
And that's just it, they are doing the EXACT opposite of what needs to be done to have a healthy economy. They are stifling economic activity by arbitrarily restricting it and segregating it, leaving us with a series of small markets, instead of a few larger ones.
Since you have no source you are still making stuff up. You need to understand something about claims and burden of proof.
You are making a claim.
It is not my responsibility to prove your claim. That is your responsibility, The burden of proof is on the individual making the claim.
Stop making stuff up or cite your source. Otherwise you are stating an opinion.1 -
SunfireKnight86✭✭✭✭Yes!alphawolph wrote: »alphawolph wrote: »rdfarley89 wrote: »Add an auction house and this game will be just like wow, people just running around farming nodes and selling everything, or buying for low and setting their price to sell at and all that crap. I hated it in wow, and I will hate it here. Plus if anyone had been in the latest dev chat on Reddit someone mentioned an AH and someone I believe it was Matt Firor said that they have no plans to add an auction house, ever.
I do all this now.
Exactly, predators that want to game this system and make money off of it can still do that easily...in fact, it is easier for them, since the game fails to provide the kind of market information and efficient pricing that is baked into larger markets (AHs). You cannot have a healthy economy withOUT economic activity, and you cant have a healthy economy withOUT gold sinks...and it just so happens that AHs are one of the best facilities for both.
It's funny cause this system screws the buyers. But they seem to like it best.
Try selling Vet10 gold gear and tell me how "easy" it is to find a buyer.0 -
SunfireKnight86✭✭✭✭Yes!@Brennan
And NEW supplies of that material will continue being introduced into the game. Again, UNLESS you CONTROL the means of production, you cannot completely corner the market. Can you impact pricing? Maybe, but ITS HARDER TO DO in a LARGE MARKET, than IN A SMALL MARKET.
Source?UNDERSTAND that large markets are inherently MORE EFFICIENT and HARDER TO MANIPULATE than small markets. GRASP that concept, please.
Source?Also, you might think it is a waste to make sure that devs work to maintain a healthy economy, but every MMO shop on the planet is going to laugh at you.
They've already taken steps to maintain a healthy economy. You just don't like how they're doing it.
The source is common sense, he hit the nail on the head. Market restrictions don't help a market grow. Keeping a market at 500 people max is terrible for the in-game economy. You want a source? Hop in a time machine and go see what it was like when EQ1 introduced the auction house. He's right, your whole argument is based on, "Well they haven't introduced an AH and the game didn't explode so you're stupid!"
I can just snap up all the "WTS Gold Tempers 3k (or lower)" and re-sell them for 4k... easily. (And I do) I've made a ton of money flipping things by sitting in the starting city and watching idiots sell something for half of it's value. I'll be able to do this until there is something players can check their numbers against and have a bigger pool of buyers than one 500 person guild at a time. (Since you can't sell the same item on multiple guild stores.) And it doesn't take a genius to figure out that crafting will get upgraded in an MMO.1 -
Dyvim✭✭✭Yes!@Brennan
Source is econ 101. Look it up, educating you in fundamentals isn't my job, but if you want to have a basic conversation and be taken seriously, I suggest you learn. It is clear your understanding is lacking based on your weak arguments and inexplicable positions.
And that's just it, they are doing the EXACT opposite of what needs to be done to have a healthy economy. They are stifling economic activity by arbitrarily restricting it and segregating it, leaving us with a series of small markets, instead of a few larger ones.
Since you have no source you are still making stuff up. You need to understand something about claims and burden of proof.
You are making a claim.
It is not my responsibility to prove your claim. That is your responsibility, The burden of proof is on the individual making the claim.
Stop making stuff up or cite your source. Otherwise you are stating an opinion.
What I am stating are market truisms that are stipulated to by anyone with even a glimmer of economic education...so, no, actually, when you are the one that is uneducated and cant keep up with the discussion, it is not our job to spoonfeed you. Just like I don't have to explain why the sky is blue or why two hydrogen atoms and one oxygen atom form water.
If you want to have an intelligent conversation, you have to be intelligent, and that is where you have been failing in thread after thread. The VERY fact that you are asking for sources on the basic of basics showcases your ignorance for all to see. Its is pathetic. I am getting that feeling again of being in the situation of dealing with someone who is severely disadvantaged and feeling bad for them when they make themselves look so hopelessly over their head.Angels are bright still, though the brightest fell... -S.1 -
Abeille✭✭✭✭✭
✭✭✭✭✭http://armstrongeconomics.com/2013/11/26/manipulating-markets/
http://www.peakprosperity.com/page/transcript-david-morgan-silver-price-manipulation-delivery-default-supply-shortage-risks
I am sorry for not presenting books, none of my economy books are in English.
It all comes down to this: The smaller the market, the easier it is to manipulate it, which DOESN'T MEAN that big markets can't be manipulated; and when big markets ARE manipulated, the damage is WAY bigger than when small markets are.
So both sides are partially correct, from a raw economic point of view. That's why I can't vote.Just so that everyone knows, my Altmer still can't have black hair. About a dozen of Altmer NPCs in the game have black hair. Just saying.
Meet my characters:Command: Do the thing.
Zadarri, Khajiit Fist of Thalmor: The thing was done, as commanded.
Durza gra-Maghul, Orc blacksmith: The thing was done perfectly, in the most efficient way.
Tegwen, Bosmer troublemaker: You can't prove I didn't do the thing.
Sings-Many-Songs, Argonian fisher: Sure, I'll do the thing... Eventually. Maybe.
Aerindel, Altmer stormcaller: After extensive research, I've come to the conclusion that doing the thing would be a waste of resources.
Liliel, Dunmer pyromancer: Aerindel said I shouldn't do the thing. Something about "resources".
Gyda Snowcaller, Nord cryomancer: I will find a way to do it that won't waste resources and make Aerindel proud of me.
Beatrice Leoriane, Breton vampire: I persuaded someone else into doing the thing. You are welcome, dear.
Sahima, Redguard performer: Doing the thing sounds awfully unpleasant and really not my problem.
Ellaria Valerius, Imperial priestess: I'll pray to the Eight for the thing to be done, if it is Their will.5 -
Brennan✭✭✭No!http://armstrongeconomics.com/2013/11/26/manipulating-markets/
http://www.peakprosperity.com/page/transcript-david-morgan-silver-price-manipulation-delivery-default-supply-shortage-risks
I am sorry for not presenting books, none of my economy books are in English.
It all comes down to this: The smaller the market, the easier it is to manipulate it, which DOESN'T MEAN that big markets can't be manipulated; and when big markets ARE manipulated, the damage is WAY bigger than when small markets are.
So both sides are partially correct, from a raw economic point of view. That's why I can't vote.
Thank you Abeille. I appreciate individuals that cite their sources (which is an absolute in academia regardless of what @Dyvim and @SunfireKnight86 want to call proper discussion).
I would also add that if the United States economy, arguably a large market, goes south it has a much larger global impact than say if the economy of Sweden goes bad. This is my opinion anyway but I don't think many would argue against it.
Yes, the smaller the market, the easier it is to manipulate. But in the current environment, guilds and their members have choices to counter those manipulations. As I've stated before, the guild leader can boot the manipulator or the guild line member can simply leave the guild for one that is not being manipulated. In a global market there is no such choice. We're all stuck with whatever manipulations take place.
According to @Dyvim - manipulation is unlikely as the means of production can not be controlled. That is only true in segregated markets. Consider the following scenario:
Global AH has a player selling Dwarven Oil for 2000g each and buys up every Dwarven Oil that is listed for less than 2000g and relists it for 2000g. Or sets it higher to give the illusion that 2000g is a great deal.
@Dyvim would have you just get more Dwarven Oil from deconstructing stuff or refining Blacksmithing materials (production) while the market sell price of Dwarven Oil remains 2000g.
Or you can go to one of up to 5 different markets and look for a better, more reasonable price.Edited by Brennan on May 6, 2014 10:54PM1 -
Dyvim✭✭✭Yes!@Brennan
I appreciate individuals that have a basic understanding about something before they choose to spout off about it like they know something, then complain when people don't take the time to google FOR THEM or expend the effort to explain to them in baby terms, why the sky is blue. You cite sources for research in academia, not basic facts everyone stipulates to...
and the odds of getting a more reasonable price in those SMALLER markets if someone has or could manipulate the price in a MUCH LARGER market is next to NOTHING. Your argument that somehow a smaller market is going to offer some refuge is idiotic. Its like a security through obscurity argument. It is pure lunacy.
The whole point of larger markets is that it is HARDER to manipulate, than ANY given smaller market, because you have MORE BUYERS, MORE SELLERS, and more effective COMPETITIVE PRICE PRESSURES from a more RATIONAL supply/demand/price curve.
Feel free to google whatever terms you don't understand.Edited by Dyvim on May 6, 2014 10:58PMAngels are bright still, though the brightest fell... -S.0 -
Brennan✭✭✭No!@Brennan
I appreciate individuals that have a basic understanding about something before they choose to spout off about it like they know something, then complain when people don't take the time to google FOR THEM or expend the effort to explain to them in baby terms, why the sky is blue. You cite sources for research in academia, not basic facts everyone stipulates to...
and the odds of getting a more reasonable price in those SMALLER markets if someone has or could manipulate the price in a MUCH LARGER market is next to NOTHING. Your argument that somehow a smaller market is going to offer some refuge is idiotic. Its like a security through obscurity argument. It is pure lunacy.
The whole point of larger markets is that it is HARDER to manipulate, than ANY given smaller market, because you have MORE BUYERS, MORE SELLERS, and more effective COMPETITIVE PRICE PRESSURES from a more RATIONAL supply/demand/price curve.
Feel free to google whatever terms you don't understand.
Source? Otherwise you are just making stuff up and once again resorting to ad hominem attacks.
What you're basically saying is, "all this stuff is true because I said so".0 -
Dyvim✭✭✭Yes!@Brennan
Source is econ 101. How much plainer do I have to make it for you? Stop embarrassing yourself. What I am saying is, all this stuff is true because everyone with any education in economics, whatsoever, knows its true...again, refer to the sky is blue analogy. You are obviously not one of those that is educated to this basic level, therefore I feel no obligation, whatsoever, to explain basics to you when you have chosen to engage in a conversation about economics when you have no knowledge about economics.
Feel free to go educate yourself.Edited by Dyvim on May 6, 2014 11:17PMAngels are bright still, though the brightest fell... -S.1 -
Brennan✭✭✭No!No, what I am saying is, all this stuff is true because everyone with any education in economics, whatsoever, knows its true...again, refer to the sky is blue analogy. You are obviously not one of those that is educated to this basic level, therefore I feel no obligation, whatsoever, to explain basics to you when you have chosen to engage in a conversation about economics when you have no knowledge about economics.
Feel free to go educate yourself.
Hey if you want to keep making stuff up that's your prerogative. ESO is not a real world economy and unless you have a degree in Economics, you're not qualified to discuss it except as it relates to your opinion.
In either case, you're being reported for once again, repeatedly bringing my intelligence into question as you have done consistently towards myself and every individual that disagrees with your opinion.
In addition, I'm still logged on and there is no Auction House. Paul Sage and Matt Prior have stated repeatedly that there will be no global Auction House. Perhaps you'd like to call their intelligence into question and see how far that gets you.0 -
alphawolph✭✭✭Yes!SunfireKnight86 wrote: »alphawolph wrote: »alphawolph wrote: »rdfarley89 wrote: »Add an auction house and this game will be just like wow, people just running around farming nodes and selling everything, or buying for low and setting their price to sell at and all that crap. I hated it in wow, and I will hate it here. Plus if anyone had been in the latest dev chat on Reddit someone mentioned an AH and someone I believe it was Matt Firor said that they have no plans to add an auction house, ever.
I do all this now.
Exactly, predators that want to game this system and make money off of it can still do that easily...in fact, it is easier for them, since the game fails to provide the kind of market information and efficient pricing that is baked into larger markets (AHs). You cannot have a healthy economy withOUT economic activity, and you cant have a healthy economy withOUT gold sinks...and it just so happens that AHs are one of the best facilities for both.
It's funny cause this system screws the buyers. But they seem to like it best.
Try selling Vet10 gold gear and tell me how "easy" it is to find a buyer.
My bad, I meant specifically, price. If a buyer actually does find you, a seller. You can charge whatever you want because you have no competition.
A fractured market screws everyone buyer and seller because you can't find each other.
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SunfireKnight86✭✭✭✭Yes!http://armstrongeconomics.com/2013/11/26/manipulating-markets/
http://www.peakprosperity.com/page/transcript-david-morgan-silver-price-manipulation-delivery-default-supply-shortage-risks
I am sorry for not presenting books, none of my economy books are in English.
It all comes down to this: The smaller the market, the easier it is to manipulate it, which DOESN'T MEAN that big markets can't be manipulated; and when big markets ARE manipulated, the damage is WAY bigger than when small markets are.
So both sides are partially correct, from a raw economic point of view. That's why I can't vote.
Thank you Abeille. I appreciate individuals that cite their sources (which is an absolute in academia regardless of what @Dyvim and @SunfireKnight86 want to call proper discussion).
I would also add that if the United States economy, arguably a large market, goes south it has a much larger global impact than say if the economy of Sweden goes bad. This is my opinion anyway but I don't think many would argue against it.
Yes, the smaller the market, the easier it is to manipulate. But in the current environment, guilds and their members have choices to counter those manipulations. As I've stated before, the guild leader can boot the manipulator or the guild line member can simply leave the guild for one that is not being manipulated. In a global market there is no such choice. We're all stuck with whatever manipulations take place.
According to @Dyvim - manipulation is unlikely as the means of production can not be controlled. That is only true in segregated markets. Consider the following scenario:
Global AH has a player selling Dwarven Oil for 2000g each and buys up every Dwarven Oil that is listed for less than 2000g and relists it for 2000g. Or sets it higher to give the illusion that 2000g is a great deal.
@Dyvim would have you just get more Dwarven Oil from deconstructing stuff or refining Blacksmithing materials (production) while the market sell price of Dwarven Oil remains 2000g.
Or you can go to one of up to 5 different markets and look for a better, more reasonable price.
Ya, nevermind that we were right, or that this isn't academia.
PS: If you cite common facts in a college or academic paper you're an idiot and will be told so.
Edited by SunfireKnight86 on May 6, 2014 11:37PM1