The Solution to Complaints about the Market

The Solution to Complaints about the Market

in Black Lion Trading Co

Posted by: Siyeh.2407

Siyeh.2407

Provide more information to players. If ArenaNet was able to provide historical prices and quantities traded for each item listed in the TP there would be no more issues.

Those who wished to arbitrage would still be able to. Those who were trying to buy (or sell) at the “true” price would be able to determine if the current price was close to the true price. It would be easy to tell if someone was exerting market power over a specific commodity. Inflation (deflation) would be easy to identify (and maybe even quantify!)

There is little difference between how the real economy works and how the in game economy works. More information or lower transaction costs are always the solution to market failures (Here I mean the transaction costs of obtaining more info, you could put together historic data for yourself, but it would be very time intensive).

Getting rid of buy/sell orders is a terrible idea. If anything options and derivatives should be introduced.

I understand that it is costly for John Smith to provide us with this info, but perhaps some day.

The Solution to Complaints about the Market

in Black Lion Trading Co

Posted by: Wazabi.1439

Wazabi.1439

Agree. Historical price chart allows a person to subjectively form his opinion on the average price of an item.

The Solution to Complaints about the Market

in Black Lion Trading Co

Posted by: Siyeh.2407

Siyeh.2407

Well what I wanted already exits.

http://www.gw2spidy.com/

Don’t get screwed! Use your spidy senses!

The Solution to Complaints about the Market

in Black Lion Trading Co

Posted by: szar.9054

szar.9054

Well what I wanted already exits.

http://www.gw2spidy.com/

Don’t get screwed! Use your spidy senses!

the very first site that doesn’t work in chrome. pass

The Solution to Complaints about the Market

in Black Lion Trading Co

Posted by: Siyeh.2407

Siyeh.2407

Really? try www.gw2spidy.com

I use chrome and it works fine for me…

The Solution to Complaints about the Market

in Black Lion Trading Co

Posted by: Hippocampus.8470

Hippocampus.8470

Yeah, works fine in Chrome for me, though I sometimes seem to have to refresh item pages for the actual price graph to show up.

The Solution to Complaints about the Market

in Black Lion Trading Co

Posted by: Wazabi.1439

Wazabi.1439

thanks for the link! Is it only on gems?

The Solution to Complaints about the Market

in Black Lion Trading Co

Posted by: Vaerah.4907

Vaerah.4907

The menu on top of the page shows the other items too.

Now, the next step is to make those graphs into proper OHLC charts.