[MUD-Dev] Economic model..
the_logos at ironrealms.com
Fri Feb 27 02:22:41 New Zealand Daylight Time 2004
On Wed, 25 Feb 2004, Brian Thyer wrote:
> Players selling for lower than manufacturing cost is a concern of
> mine. Game theory dictates that manufacturers should sell for the
> lowest possible cost in an informed open market economy, that is
> an ideal economy for consumers. However, Game theory also says
> that manufacturers, wherever possible, should behave as much like
> a monopoly as consumer's elasticity of demands allows them to get
> away with.
One has to wonder what that has to do with the reality of running an
online game. Informed open market economies are myths established by
economists who want to write neat little papers that don't take into
account actual consumer behavior.
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