Average market price

[Rusty]

A. Love the idea!
B. How does it work?
C. Is it coincidence that the average price for webs is the same for that of DDs, or is there a bug in there somewhere?

Edit: Just started typing in boxes and found out there was a penalty for selling more than the average.
A. Love you EVEN MORE admins!
B. How does it work?

Edit2: Ah, found a big mathematical/logic bug with it (would have posted in the bugs forum, but had already made this one )

As the % penalty is exactly equal to the % above the market price, the maximum amount of profit you make on an EC is the average price, seeing as any more than that is taken away in penalty.
On top of this, you are charged a flat % based on your price.
Thus, if you sell an EC for a higher price than the average price, you make no profit on the average price PLUS you get a HIGHER amount of tax, and therefore GET LESS MONEY THAN IF YOU HAD SOLD FOR THE AVERAGE PRICE.
Therefore no one will sell for more than the average price. However, people will sell for lower than the average price, so the average price will only ever go down!

One way to solve this is make the penalty proportional (instead of equal) to the profit e.g. half the current penalty rate. Otherwise, enjoy your deflation

(note that I still love the concept, just the figures are wrong)

[Blanz]

well now the markets permanently dead.

[Andi]

Listing 1 EC @ 45000:
Listing fee: 7867
Average price: 33844

Profit: 45000-7867 = 37133 which is above average

-- Fri, 18 Dec 2009 15:56:28 +0000 --

Also, I've changed to be based on the prices of the last two days, since the prices have important changes from first days. Later this might get increased to last week or so.

[Rusty]

I was wrong in my assumption. I only tested it with low and high numbers
So yea, it does work as the % penalty isn't equal to the % difference, but about half the % difference (ie it already works in the way I suggested ). So yea, love it

[Blanz]

NO ONE IS SELLING AT THOSE PRICES, WHY ARE YOU ASSUMING THAT ANYONE IS GOING TO?

[Andi]

Considering that you are no one, your statement is true.

[Blanz]

Considering that you are no one, your statement is true.

actually, almost nevermind. when i first saw it, the penalty started at like 35k, which is way to low. now that its like 75k, its acceptable. But still, you should allow the market to work itself out. Contrary to what the whiny buyers that always complain about high prices say, ec prices were actually DEFLATING over the last few days. So no administrative action was needed (nor is it ever needed in terms of direct action in the market, actually)

[Rusty]

ec prices were actually DEFLATING over the last few days. So no administrative action was needed (nor is it ever needed in terms of direct action in the market, actually)

Yea, apart from the unlimited EC shop the admins did nothing to cause that deflation...

Also, is the average worked out on sales from the past few days, or listing from the past few days?