Curse

Masseur · Mar 15, 2008, 09:42 AM // 09:42

Exactly, in the last year, you will almost never see the price be anything other than 4.9K or 5.5K at the vendor. There are rare occasions when it was a different value, but it's very brief. It's been steady for at least a year. So no, ectos aren't going down, they aren't going up. I too believe Anet has fixed the prices or they wouldn't always be those 2 values.

nuclear_herring · Mar 30, 2008, 09:39 PM // 21:39

I find it interesting while reading this thread that people are either not seeing or not commenting on the fact that Anet do NOT need to fix rare material prices at the traders. They control drop rates of every material from every mob in every area. They don't need the added redundancy of price fixing. If prices of a material are changing rapidly or if attempts are being made to manipulate prices, drop rates of said material can be altered on a sliding scale to restore equilibrium.

wu is me · Mar 30, 2008, 10:04 PM // 22:04

lol some schools of economics, would say that if real prices of goods were dropping, the economy is in fine condition

Quote:

Originally Posted by Sorn Xarann

Those are just some of the reasons i thought of off the top of my head, maybe we can get some other opinions on why the ecto (and general) economy of Guild Wars is in the recession that it is. Hopefully we can get a real economist to evaluate the situation!

So please, share your thoughts, and have a good day!

and if Real prices started increasing, well, part of the definition of recession is then satisfied.

Vanquisher · Mar 30, 2008, 10:33 PM // 22:33

Quote:

Originally Posted by Faction Gambler

Guild Wars economy CANNOT be measured using real world economic models.

Despite ArenaNets ability to somewhat dictate the market, consumer and supplier reactions can always be mapped to that of economic schools of thought - be it in game or in life.

But that's completely irrelevant. Most of the people harping on about supply and demand in this thread are completely wrong anyway, and to be honest anyone who's taken economics or looked into it for more than 2 weeks should be able to see that.

MoldyRiceFrenzy · Mar 31, 2008, 05:08 AM // 05:08

ectos make me happy...

carnage-runner · Mar 31, 2008, 03:37 PM // 15:37

Easy supply, and no reason to expend. Econ 101. When a price falls demand rises. When agregate supply rises, agregate demand also rises. how do you fix it?... Let it fix itself. It always works out eventually to get back to Y*

Lem · Mar 31, 2008, 03:44 PM // 15:44

ecto does not fit into the standard supply and demand model because it is used as a form of currency rather than just a commodity. As such the price of ecto is kept artificially higher due to most trades being conducted away from the rare material trader and people hoarding much more than they could ever want to use in a commodity format.

This means you need to look more at a currency relative value model and mix that with a supply and demand model to get a better economic picture of it.

Zaris · Mar 31, 2008, 03:47 PM // 15:47

any lower and people will start jumping out the window