Individually trading
I would hate to say this but I disagree, I hated trading in GW1, and having to worry about more places (text chat) and the trading post for sales… is just another headache I don’t want to see come back to GW.
I understand your need but this will quickly become corrupt and change the market.
Having individual trading keeps the economy stable.
This “everyone can buy ANYTHING at the cheapest price ANYONE on the server is selling” means that everyone is constantly undercutting each other, and thus prices of things drop rapidly, as it causes an extremely inelastic economy. with the current system, prices will NEVER become stable, as if for example 1000 items are listed at 4s… Why the hell would I want to sell my item at 4s and have to wait for ALL 1000 other items to sell first before mine sell… When I could just sell for 3s99c and sell instantly..
Having free trading on games allows people to compete with only the few others in that instance selling the same items, and the incentive to lower the price is drasticly reduced, as at the point of sale, you instantly have an equal chance for your items to be sold as someone else.
All that being said… This has been brought up before, and ANET replied with some snotty reply saying something along the line of “Clearly our views and your views differ on this, but we are sticking to it” despite the thread getting a tonne of support….
This “everyone can buy ANYTHING at the cheapest price ANYONE on the server is selling” means that everyone is constantly undercutting each other, and thus prices of things drop rapidly, as it causes an extremely inelastic economy. with the current system, prices will NEVER become stable, as if for example 1000 items are listed at 4s… Why the hell would I want to sell my item at 4s and have to wait for ALL 1000 other items to sell first before mine sell… When I could just sell for 3s99c and sell instantly..
At the same time, buy orders keep outbidding each other. So prices stabilize at the point where the highest buy order is 1c below the lowest sell order.
Also, how does individual trading help stabilize things ?