Posts Tagged 'Economics'

Haste Pots and Supply and Demand AH Economics 101

I snagged the Haste Potion from the Ah today Haste Potion

I Spent 500 B/o on it. I’ve been waiting for it to hit the AH and had been prepared to spend round 350 Gold on it, but there was nothing on the Ah for a while, and the actual pots themselves haven’t appeared much on the Ah and when they did they were stupidly expensive.. and today I found out why…

So I send the receipe to my Alt to use, ( she is level 54 now and 375 Alchemy) and then I check out the prices of the ingredients…. and without going into specifics making 40 of them Hurt. So then I asked myself as i selected Buy Out.. Why? Why have the prices on so many things gone up, recently and prices for others gone down.
Eg – Greater planar Essences are now just under 5 Gold each on my server.
Stacks of Arcane Dust are going for around 20g Why. Both of them are the results of the majority of all those extra greens that are dropping. Great for enchanters if you need the mats, but Im finding that I’m only Deing only half of them and its better off financally to Vendor the rest.

So back to Economics 101
Supply and Demand.
Oversupply Prices Drop – Overdemand Prices Rise.- supposedly AHAH.. unless theres a hugh case of price fixing going on.. and people just trying to make the most money they can.. Mystic spellthread 150g RIP off… specially when the primals are only 12-13ish each

Some things to consider – These extra dailys are giving people a relative Easy up to 250 Gold aday plus greens – cloth – Mana motes, fire motes, Aldor and Scryer Rep item drops ect ect ..
but that takes time, and your looking at over an hour to do all 25 – so of that hour Play time what would have people of been doing otherwise? I would have been farming Mana Primals.. ( not anymore they are only worth around 12g each now.. )
So these people who would be adding things to the AH that they ‘farmed’ arent doing it as frequently by at least an hours worth of time, and for casual players an hour is a huge chunk of play time .
So in my opinion the result of the new dailys is – People have more money to spend , and there are less of certain Items on the AH.
This impacts on the base items neede to make something, Eg the Price of shadowcloth has now risen to 100 odd gold for 2 Why? The mats for Shadowcloth have risen in price.
Fire Primals are 35-37 Gold, Shadow primals are Similar.
I missed a cooldown day because the Cost of buying the Primals outweighed making the Cloth and it was a raid night and didnt have time to Farm, I would have been selling at a loss. So then next day I then Farmed what I needed rather then Buying at least one of the primals, and Sold the cloth at the average of the day price. ( price fixing ——–> me.. )

Is this a Virtual Take on world economics?
The cost of goods become too much so people either do without or farm themselves? Or is that me just being Frugal in a competitive environment.

People also then start hoarding the Mats when they farm them, I’ll farm a little extra so I don’t need to worry about it next time..

I know a few players who have been on wow longer then I have with Stacks of Primals- for a “Just in case they need them” and guilds hoarding items as well for long term plans PLUS suddenly you have all these people with extra money from the dailys who are willing to Pay or a forced to pay the higher prices….

and add onto the fact that there has been new badge gear added, and attunements lifted on some of the high end instances so more people now have access to new loot, that needs enchanting and jeming.. ect ect ect ect…

but whats the answer… easier money – or higher drop rates?

Inflation? Extorsion? Greed?

What is with the price of Large prismatics on my Server?

Luckely I had been ‘shattering’ my Voids using my Sunwell enchant on its cool down and had 5 of the 6 I needed.   At 35 Gold each on the AH the price was ridiculous,  they used to be 17Ish Gold 22 on a Bad day, my Auctioneer had the price pegged at 141% of the normal going rate – and there were two pages of the Shards Unsold for that price – I would have checked out the price of voids if I hadn’t used my cool down, and I only needed one large prismatic – Having said that Large Brilliant shards were at 17 G each  this week.

The economics of the guild bank is funny –  and theres a serious case of price fixing in general that goes on. Yes I will admit to checking out the general price of the rest for sale, and if they have been bumped up, then I will match it with the standard 5 % less – Auctioneer does it for me 🙂  35 G though when there is an oversupply is Greed. I hope they are all sweating  waiting for the Gold in their box.

Me – I brought a blue for 10 G cheaper, and Disenchanted it – it was only 10 G – but it was the principle of not rewarding extorsionists!

The Auction House on each server would be an interesting study for the economics types –  Currently with the daily quest increases people have a bit more cash. Are the sellers hoping people will flash the cash around and not care about the general inflation that seems to be going on?   Its throwing my averages out of whack.

 So after that I’ve upgraded my bracers because i had the honour – and  for some reason I was only 1100 Shadow Damage.  I had orginally reported me at being 1120- but I lost 20. – Somwhere….  I might have had a buff on me or something – So I’m now 1110 + shadow Damage – with 4 sets of clothing – I think I need outfitter as an add on now… 

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