Bio Engineer Archive

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Pawlin wrote:

I understand the daughters reaction over product being resold. I think they feel they are charging a price which is "fair" in their mind. Then when someone else buys their merchandise only with the intention of reselling it then that person is taking advantage of their work, keeping their customers from being able to buy their products and charging an "unfair" price. I think its a fairly common and understandable reaction.

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Very common. Very understandable considering her envirmental economic education. And completely dead wrong. The free market will *always* win in the end. The only concept of *fair* in the free market is the price the buyer is willing to pay at that exact moment. Now I happen to have made a point of *NOT* buying the entire stock, When she asked why I bought 5 of the same item (crafting tool ) I told her. She explained not likeing the idea. I offered her a deal. She refused. I took my business to her competetors and made them rich instead. Alas her loss And an annoying failure of my teaching abilities

Oh and in RL as in the game all I had to do to get around her no sell or limit 1 rule was to hire mules. Which I did not do cause it was easier to buy from more agreeable vendors.

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They just have to realize that 1) they got the price they were asking for, 2) lots of people resell items for profits and that doesn't make them bad (hence the merchant profession), 3) if they didn't want it to sell then it shouldn't be on a public vendor.

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Wouldn't it be nice of more people understood this simple but effective policy. I sell a lot of stuff by face to face trade to make sure my customer gets what they ordered from me for just this reason. It would be nice to have an option to name the customer on an item so only the intended customer would get it. I am also sure that some of my customers resell the radioactive power I sell them for a big gain. I don't care. They know a customer I don't. They did not force me to sell them the power at the price I chose Silly me. But if I have a customer that wants radioactives for some craft and is willing to pay me the 'fair' price for their intended use then I will sell to them instead of the guy wanting to buy power. Unless I have an aggrement to sell it as power then my choice in gettng into the agreement. That was confusing but the point is if I promise fred power at xcpu and joe wants to buy radioactives at 4xcpu I will supply fred first cause I promised it to him. ( I might mention to joe that fred has some I might not )

Btw I sell a lot of items on my vendors from other crafters. The way I do it (and the way i offered to my daughter) is to have them tell me the MSRP and the wholesale price to me. If there is enough profit I will buy the items (saves consignment paperwork) and resell at or near the MSRP.

-Indene-

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Indene wrote:

Very common. Very understandable considering her envirmental economic education. And completely dead wrong. The free market will *always* win in the end....

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BoberFett wrote:

Our firewall is pretty restricted as well, but that doesn't stop 10 or 12 of us in IT from firing up a game during breaks.

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During breaks. Riiiiight.

OhI forgot! You get 4-hour breaks.

Bitter? A tad.

On topic now: I was selling the first Bestine paintings for 5K each, then when supply started running low (and around the time the second schematic was available) I jumped it up to 25K each. Sales really slowed, so I brought it back to 10K each and started selling the new paintings for the same. Good, steady sales now--I did sell 5 at once to one fella yesterday, maybe they're on his vendor for millions now...

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Pawlin wrote:

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Indene wrote:

Very common. Very understandable considering her envirmental economic education. And completely dead wrong. The free market will *always* win in the end....

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What is "envirmental economic education" ?

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That is shorthand for what she learns from the Real World outside of what I have tried to teach her. That would be all the other inputs she learns from such as but not limited to our public schools, Politicians, Radio, Television, peers etc.

I got lucky with my Economics teacher in public schools. He seemed to understand the fundimentals of Free Market theory rather well. I am afraid a lot of other folk were not so fortunate.

-Indene-

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BoberFett wrote:

Indene

You're only considering things from the customer side of the free market. The business also has the right to choose who to sell to. If my business strategy involves selling something desirable at my cost to bring people into my shop with the thought that once there they'll buy something highly profitable, then another store coming in and buying up my entire stock so they can resell it at their higher cost completely defeats my plan.

Whether or not that was your daughters plan is irrelevant. Perhaps she doesn't like having empty vendors. Customers that see empty vendors tend to not return to a store. Perhaps she was hoping to meet a cute twi'lek. Who knows. There are any number of reasons that somebody may not want you to clean out their vendor despite the fact that you're paying the price they asked. The fact of the matter is she didn't want to sell them to you, and if it was truly a free market then she is completely within her right to ban you.

Freedom goes both ways. So many people forget that.

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You did make the incorrect assumption that I bought out everything or even everything of a specific type. In a truely free market you as the seller have every right to not sell to me in particular but that same market makes it trivial for me to get around your embargo. Freedom goes both ways. So many people forget that. That is the beauty of the theory. It really doesn't care about your feelings as a seller nor my feelings as a buyer. It cares not one wit about your plan nor my daughters possible social plans. It doesnt even care about empty vendors. I like the clean simple lines of its form. YMMV. I notice ingame that someone bought out my entire stock of enhancepaks. I happen to know they did so for their guild or maybe they are reselling them individually on the streets of Coronet. The free market does not care that my vendor stands empty. I do but then I place more than one item type on there for that reason. As to the problem of someone in RL or SWG buying out your stock there is a simple and *effective* method of dealing with the problem. Banning one person will fail. Has failed in RL and SWG. I leave it as an exercize for the student to find the method. I will offer the clue that the method is talked about often in these forums.

-Indene-

You give the free market a bad name Indene. And that's coming from me, a diehardlibertarian.

Let me guess, you go down to the soup kitchen and empty the kitchen? It's free after all. If they don't want their cupboards cleaned out, they should charge more.

/rolleyes

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Indene wrote:

...
I got lucky with my Economics teacher in public schools. He seemed to understand the fundimentals of Free Market theory rather well. I am afraid a lot of other folk were not so fortunate.

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BoberFett wrote:

You give the free market a bad name Indene. And that's coming from me, a diehard libertarian.

Let me guess, you go down to the soup kitchen and empty the kitchen? It's free after all. If they don't want their cupboards cleaned out, they should charge more.

/rolleyes

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You rationalize too much. But you did understand the point. And you seem to have made 2 more assumptions. The free market has no feelings. And that I do not understand teh 'enlightened' part of self interest.

-Indene-

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Pawlin wrote:

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Indene wrote:

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I got lucky with my Economics teacher in public schools. He seemed to understand the fundimentals of Free Market theory rather well. I am afraid a lot of other folk were not so fortunate.

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It is one thing to understand the basic idea of the free market. It is quite another thing to apply free market principles without empathy.

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Correct. Observe the concept of "Enlightend" in enlightened self interest of the Libratarian party concepts.

-Indene-

Oh and the preveous post about soup kitchens is often called a 'Strawman' arguement. (Not your comment but the one that you seem to be refering)

MERCHANT FORUM MONKEY BOYS (AND GIRLS) !!!!!!!!!!!!!!!!!

Message Edited by Bandola on 04-02-2004 11:32 PM

Isn't EDIT a wonderful thing