UNDERCUTTING....

[Gramul]

That's just economics.

[Breezy]

Your item won't sell faster if you undercut from 40k to 30k than if you undercut it to 39k. But yeah if you want to give it away, go for it.

You're putting in a lot more effort trying to make money tho.

Guys, everyone has their own idea of what something is worth when they consider what effort it takes to obtain. Value and worth are subjective. The market sets the price, not you. This is no secret or conspiracy, it's just the fundamental laws of economics at play. Some of you seem to be advocating for price fixing...

I do support a minimum undercut though. I usually make it a point to not buy an item from someone that has undercut by say only one or two gil.

[Vingtdeux]

If you get frustrated with undercutting, life won't be easy for you ...

[Wolfie]

You're still the sucker, because you could have gotten the same result by just selling it for 9.999.000

Besides you think you're the only one undercutting. You undercut to 8 mil, then someone else undercuts to 6 mil and then you get the guy who thinks prices are way too high and wants to be generous to the buyers: starts selling it for 2 mil

Ofcourse you still want to get rid of your items so you undercut that guy again and sell your items for 1.5 mil

and repeat.

Could I? What about the guy selling it for 9,998,000 half a day later? When I undercut to 8 mil, I not only shut out the people who want to sell for 10 mil, I shut out tons of other people who don't want to go as low as I do. An 8 mil price tag will also encourage my possible customers to purchase the item faster, because they're going to think "holy s**t, what a great deal!"

At the end of the day, I still make a profit that is acceptable to me, on my own terms. If I didn't, I would not be selling the item. If I get undercut to 2 mil, and the effort that I put into getting or making this item is not worth 2 mil, then I stop doing it and go find something else to do. This is what happens in real world economics, folks.

And fyi, you will never be able to fix the price of an item. It's impossible with a player-driven economy. That item will not stay at 10 mil forever and I don't know why you would ever want it to. If prices don't change, it means that your economy and game have stagnated.

If you want to see an example of how price fixing completely destroy's a game economy, do a little research into what happened with RuneScape's trade limits between 2007 and 2010. The game's economy was FUBAR.

LOL like that's ever going to happen.

The people who complain about undercutting have this ridiculous double standard where they expect to have the easiest and best solution every time. They're okay with buying the cheapest item because it's the first on the list and they save money, but they also want to never have to re-list their items, for their items to go fast, and to get more for them than their market value.

Would anyone like to address this point?

[Efrye]

That's just economics.

What a great comparison indeed. My local grocery stores keep lowering their prices by one cent every few hours as well, so they stay on top of the item search list. I even keep encountering a bunch of brainless retainers every time I go shopping.

FFXIV and real life are so very much alike!

[Wolfie]

What a great comparison indeed. My local grocery stores keep lowering their prices by one cent every few hours as well, so they stay on top of the item search list. I even keep encountering a bunch of brainless retainers every time I go shopping.

FFXIV and real life are so very much alike!

Hello Mr Strawman and Professor Red Herring, I haven't seen you guys in at least three pages.

Clearly you, sir, haven't played the stock market.

[Achtzen]

If Supply is in surplus then it forces prices to go down. Nothing really you can do about it. The demand for the item remains the same and has a lower equilibrium price due to the higher quantity.

Best way to get more bang for your buck is look for somthing where demand exeeds supply then pretty much you can name your price.

[Achtzen]

Also, if prices for items were fixed then this game would support communist ideals and i wouldn't play anymore.

[Wolfie]

Also, if prices for items were fixed then this game would support communist ideals and i wouldn't play anymore.

That is absolutely not what communism is, bro.

[Dusk_Shardveil]

If only NPCs would buy items at close to fair market values. (well say... 80% of the average of the last 100 marketplace purchases) Undercutting wouldnt be as big an issue. Those that just want to dump their stuff for a quick buck can just go to the NPC reducing the amount of undercutting. I'm a 1gil type unless the item has sat in the list for several days.

Most of it is free market forces. Supply & Demand driven ecconomics paired with the limited store inventories and the desire for a quick gill. If someone undercuts too much then the more enterprizing can swoop in and snatch the item for resale at a higher value.

Crystal prices dropped with the merge. Why? More players playing in a consentrated way. More crystal drops. More supply equaled lower prices. Remember when a water shard was 100gill? Now you cant sell one for 10. Its so low I NPC them now. They can fix this by adding a few recepies in the hamlet defense or elsewhere that use water shards or by reducing the drop rates.

I'd prefer more recepies TBH. That way the crafters can make more things to be undercut on. *chuckle*