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Approximate ratio for FP for goods swaps

Discussion in 'Questions' started by gutmeister, Sep 21, 2017.

  1. gutmeister

    gutmeister Well-Known Member

    Joined:
    Sep 16, 2017
    Agree to disagree. Why bold "directly" as if that's an economic term with meaning? But please elaborate to educate me. If you mean both buyer and seller are important, then sure, but you disagreed with that statement, so I eagerly await your teaching.
     
  2. Meeshuk the Mystik

    Meeshuk the Mystik New Member

    Joined:
    Feb 3, 2019
    This one is actually pretty easy. IF the seller wants to sell but doesn't NEED to sell, then they can afford to set the price and wait. If the buyer doesn't like the price, the buyer can, not accept the offer and walk away and the price still remains. Thus, the seller sets the price and waits for the buyer willing to pay it.
     
    David of the cross likes this.
  3. Salsuero

    Salsuero Well-Known Member

    Joined:
    Nov 8, 2017
    Thread resurrection is popular this week.
     
  4. skipl70

    skipl70 New Member

    Joined:
    Oct 30, 2018
    Economic understanding is pretty light here. The answer to who sets the price is clear, and it cannot be "the seller" or "the buyer" unless it is either a monopoly or a monopsony, in which case the single seller or the single buyer sets the price. Otherwise it is the marginal seller or the marginal buyer who sets the price, and it cannot be determined a priori which of the two is the "marginal" party until the transaction is set. It is the one agrees with the price offered rather than the one who offers that last price, regardless of whether they are the buyer or the seller.
     
  5. Emberguard

    Emberguard Well-Known Member

    Joined:
    Oct 27, 2018
    That is of course assuming people look beyond what's in front of them
     
    Salsuero likes this.
  6. BananaBallZ

    BananaBallZ Active Member

    Joined:
    Apr 9, 2019
    Please tell me you are playing on mount killmore as well xD
     
  7. Algona

    Algona Well-Known Member

    Joined:
    Feb 22, 2015
    No, but I am. PM me and I'll make you such a deal...
     
  8. BananaBallZ

    BananaBallZ Active Member

    Joined:
    Apr 9, 2019
    Haha thanks, I was just kidding though. I don't even have enough blueprints for any GB yet. I don't even know if I will need anything right now. But I will still add you if you have a spot available on your fl so I can bug you later xD
     
    Stephen Longshanks likes this.
  9. David of the cross

    David of the cross New Member

    Joined:
    Jul 10, 2017
    My experience in settings prices comes from owning a restaurant. The cost of what I am paying for an item basically gets raised 300% . However, in Some businesses it might not be as easy.
     
  10. Manda the first

    Manda the first Well-Known Member

    Joined:
    Dec 19, 2016
    Anyone newbies reading this thread looking for advice on what GBs costs on what world needs to be careful to note this is a 2 year old thread. Prices go down (unless for a new world or new era) everything posted here is out of date. Prices in some worlds/eras have gone so far down it's not even worth it for many people to sell now in some instances.
     
  11. Xepshunall

    Xepshunall New Member

    Joined:
    Mar 29, 2019
    This is interesting. The deal I was offered for Future age goods to build my Arc is
    FA goods:FP+half as many IA goods
    4.6875:1
    I assume that the offer I got was Xepshunally good because of the difference in age of the goods. It is a guild member and supporting the guild is an important part of our gaming strategy. This topic is intriguing since the market for goods seems to unstructured. I'm guessing that there'll eventually players will have come up with a game-wide formula for making these trades "fair"

    As for what's fair in Goods trading, I think that goods are just as easy to make and take the same amount of time no matter the age. This is my experience up to and including HMA. The only thing that makes a particular good "more valuable" is the fact that I can't produce it. I like goods trading and even the idea of goods+FP for other goods. It promotes an understanding of how the black market works.
     
  12. Salsuero

    Salsuero Well-Known Member

    Joined:
    Nov 8, 2017
    They already are fair. As long as both parties agree, that's what matters. That doesn't mean I will agree with you as to what is agreeable.

    That's because you haven't experienced most of the game yet... where the cost of goods also depends on the cost of other goods (unrefined goods -> refined goods).
     
    Clara Osgood likes this.

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