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  1. #1
    Player
    Zojha's Avatar
    Join Date
    Aug 2015
    Posts
    3,565
    Character
    Lodestone Bait
    World
    Pandaemonium
    Main Class
    Gladiator Lv 1
    Quote Originally Posted by Vespar View Post
    The marketboard prices vary from server to server because that is the nature of the market boards.
    More precisely, it is the nature of mono- and oligopolies. Large servers like Balmung are the only ones even remotely getting close to the ideal of perfect competition where everyone is a price taker and thus the only ones where a market is even remotely allocatively efficient as per economic theory. But even there, you'll have a lot of local oligopolies because every good represents an individual market and there's just too many goods to create a full coverage with the limited retainer space. And whenever a market isn't perfectly competitive, allocation of goods will be inefficient.

    And when a market is inefficient, you'd generally want the government to step in. Hence antitrust laws etc. Or in SEs case, handing out crafted glamour items via PotD hoards/retainers etc.
    (5)

  2. #2
    Player
    pushin_tin's Avatar
    Join Date
    Sep 2014
    Posts
    163
    Character
    Ac Ungarmax
    World
    Sargatanas
    Main Class
    White Mage Lv 80
    Quote Originally Posted by Zojha View Post
    More precisely, it is the nature of mono- and oligopolies. Large servers like Balmung are the only ones even remotely getting close to the ideal of perfect competition where everyone is a price taker and thus the only ones where a market is even remotely allocatively efficient as per economic theory. But even there, you'll have a lot of local oligopolies because every good represents an individual market and there's just too many goods to create a full coverage with the limited retainer space. And whenever a market isn't perfectly competitive, allocation of goods will be inefficient.

    And when a market is inefficient, you'd generally want the government to step in. Hence antitrust laws etc. Or in SEs case, handing out crafted glamour items via PotD hoards/retainers etc.
    Found the econ major.
    (0)