Business And Economy Archive
Thread: Every One should read this before Making comentary on the Galactic ecomony......
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Ledao
Fri Feb 04, 2005 5:03 pm
#14
beyowulf wrote:
The one place that shows "inflation" are in the prices of elite or high quality items-but that's discussed at length and to great effect in the link in AO's post and Ledao's comments. The average, everyday stuff we need- things like foods, meds, weapons, armor, weapons, and structures has not inflated at all...or in such small amounts that it's insignificant.
Yup, I have all my pricing information dating back almost a year... It's fun to glace through it from time to time.
And of course, the things that have increased in price have typically increased in quality at a much faster rate -- in our little economy, inflation would be the same increase in price without the corresponding increase in quality...
nbd9k
Fri Feb 04, 2005 6:54 pm
#15
I do think that hes right about the various inflationary trends, especially in general use items.
heres another aspect to think about- what about initial market value of new rare items, such as the KSE firespray. going off of bria server, the average price per vessel is 30 million credits. ironically, it cant haul a load and it doesnt even fly all that well. so in a fashion similar to the jetpack, you have people buying an item expressly for the purpose of showing it off as a status symbol.
now, logically, as they become more common (the longer the durration of time, the more parts become available) the price should drop, but its a status symbol that only the rich can afford to begin with...
whats more, you have those same people buying up the various components in an effort to keep them rare. that has to have a serious economic impact, right?
Oh, and i support the onestar thing. its one thing to disagree or flame a post, but its quite another thing to attack someone directally.
good ideas, but ease up on that personal stuff elmo.
nbd9k
Fri Feb 04, 2005 6:58 pm
#16
ooh, one more thing...
you stat keepers. did you keep your personal prices, or a range of vendors across a few cities and planets? thats a bit more work, but it would be interesting to see.
i know, for example, that even though i have items of considerable value (im a shipwright), i ignore all competative pricing and sell them for exactally what i would get if i sold them to the chassis vendor. on the crafted parts, i lose money, but the majority of my stock consists of reverse engineered components that i collect in space, so i dont really care...
that kind of action would offset the market, wouldnt it?
beyowulf
Fri Feb 04, 2005 9:12 pm
#17
nbd9k wrote:
ooh, one more thing...
you stat keepers. did you keep your personal prices, or a range of vendors across a few cities and planets? thats a bit more work, but it would be interesting to see.
i know, for example, that even though i have items of considerable value (im a shipwright), i ignore all competative pricing and sell them for exactally what i would get if i sold them to the chassis vendor. on the crafted parts, i lose money, but the majority of my stock consists of reverse engineered components that i collect in space, so i dont really care...
that kind of action would offset the market, wouldnt it?
Actually, I'm working on an analysis of my sales patterns for the Doc forums right now....when I'm done with thatI'll take alook at the competitive dataand see what it would take to make it presentable. What I've done for over a year is to go around on one of my alts and shop the top twenty or so medical shops every 60-90 days to see what trends there are in the their stock compositions and pricing.
Ironically, it doesn't effect my pricing at all. I made two decisions in September of 2003 before I started my business. The first was that I was playing a doc because I like helping people...and the second decision was made by that. I decided that I would build a business model that delivered quality meds at the lowest possible price that would allow solid, sustainable growth. It's allowed me to consistently price under the market average and slowly, painfully, build my business.
Don't get me wrong-it's been a blast. I get to do things with my SWG business I'd never consider doing with my real life one. 
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