Thread: Things to address in 2.0: Open Descending Price Auction will not work

Well d'uh.

Actually though the value of an item is determined by the overall average of people willing to buy an item.

Many companies in real life maintain competition whilst still making a profit, video game economics are different in that someone can sell an item for less than its value and not have to worry about the consequences, in fact in FF14 many items produced are actually worth less than the value of the materials to make them, this almost never happens in real life.

Also in 14 the way the crafting system is set up encourages mass production of items which floods the market causing devaluation on a massive scale.

Items such as those gathered and farmed are generally quite stable because of supply and demand.

Then the item is worth what I priced it at.

No the item is worth to you what you think its worth, just because you think an item is worth that much doesn't mean everybody else suddenly does.