Difference between revisions of "Real-Life Economics"
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| − | =Is this anything?= |
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| + | =Overview= |
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| − | ==Overview== |
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| + | ==Why this OXP?== |
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| + | For me, one of the least satisfying elements of this game (going all the way back to the good ol' days playing ''Elite'' on my ancient Commodore 128) has always been the extremely unrealistic economic model. It's nothing short of laughable to suppose that one star system could have a commodity-price (for Computers, let's say...) of 101.2 Cr. per ton while another system just a short jump away sells the very same commodity for only 61.2 Cr. and that such an arrangement could persist indefinitely. |
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| − | For me, one of the least satisfying elements of this game (going all the way back to the good ol' days playing Elite on my ancient Commodore 128) has always been the extremely unrealistic economic model. It's nothing short of laughable to suppose that one star system could have a commodity-price (for Computers, let's say...) of 101.2 Cr. per ton while another system just a short jump away sells the very same commodity for only 61.2 Cr. and that such an arrangement could persist indefinitely. |
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Suppose, for example, that Wal-Mart® were to set up shop right next door to Tiffany & Co.®, selling the exact same merchandise at substantially lower price. What do you think might happen to prices at Tiffany's? While there might be a small handful of snobs willing to pay higher prices for the Tiffany® name, enabling Tiffany's to cling to their existing prices, sooner or later, competition from Wal-Mart® would compel them to change their business model. |
Suppose, for example, that Wal-Mart® were to set up shop right next door to Tiffany & Co.®, selling the exact same merchandise at substantially lower price. What do you think might happen to prices at Tiffany's? While there might be a small handful of snobs willing to pay higher prices for the Tiffany® name, enabling Tiffany's to cling to their existing prices, sooner or later, competition from Wal-Mart® would compel them to change their business model. |
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===Why it shouldn't work=== |
===Why it shouldn't work=== |
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Prices are not random numbers arbitrarily pulled out of a hat. Rather, they are a compromise between what Buyers are willing to pay, and what Sellers are willing to accept. |
Prices are not random numbers arbitrarily pulled out of a hat. Rather, they are a compromise between what Buyers are willing to pay, and what Sellers are willing to accept. |
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=== Mechanics === |
=== Mechanics === |
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===Effect on Prices=== |
===Effect on Prices=== |
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The lowest price you'll ever find for Computers (or any Industrial-type goods) will be in a Poor Industrial system in a heavily-Industrialized cluster. The highest price will be in a Rich Agricultural system in a heavily-Agricultural cluster. |
The lowest price you'll ever find for Computers (or any Industrial-type goods) will be in a Poor Industrial system in a heavily-Industrialized cluster. The highest price will be in a Rich Agricultural system in a heavily-Agricultural cluster. |
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By the same token, the lowest price for Agricultural goods will be found in a PoorAg system in an AG-heavy cluster. The highest price for those goods are at RichInd worlds in IND-heavy clusters. |
By the same token, the lowest price for Agricultural goods will be found in a PoorAg system in an AG-heavy cluster. The highest price for those goods are at RichInd worlds in IND-heavy clusters. |
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=== Consequences for the player === |
=== Consequences for the player === |
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Revision as of 21:46, 6 July 2014
Contents
Overview
Why this OXP?
For me, one of the least satisfying elements of this game (going all the way back to the good ol' days playing Elite on my ancient Commodore 128) has always been the extremely unrealistic economic model. It's nothing short of laughable to suppose that one star system could have a commodity-price (for Computers, let's say...) of 101.2 Cr. per ton while another system just a short jump away sells the very same commodity for only 61.2 Cr. and that such an arrangement could persist indefinitely.
Suppose, for example, that Wal-Mart® were to set up shop right next door to Tiffany & Co.®, selling the exact same merchandise at substantially lower price. What do you think might happen to prices at Tiffany's? While there might be a small handful of snobs willing to pay higher prices for the Tiffany® name, enabling Tiffany's to cling to their existing prices, sooner or later, competition from Wal-Mart® would compel them to change their business model.
In Elite, the economic model is hard-coded into the game, beyond the reach of all but Mr. Bell and Mr. Braben. Oolite, however, thanks to Mr. Williams and Mr. Ayton (among others) allows any clumsy, talentless hack (like Yours Truly, for instance) to pop the hood and monkey around inside...
So, I did.
The Lazy-Trader Shuffle
What is it?
Every new player figures it out almost immediately: Computers are cheap and plentiful in Rich Industrial systems, and they can be sold for an enormous profit to the Poor and Agricultural. Liquor/Wines (and Furs, when they're available) are cheap in PoorAg systems and pricey on RichInd worlds.
"How brilliant of me to notice this!" The New Player might beam as he pats himself on the back. "I must be some kind of a genius! I'll just find a Rich Industrial/Poor Agricultural pair -- reasonably close to one another -- and make a killing hauling Computers one way and Liquor/Wines back... it's idiot-proof!"
As a result, traders most often head for RichInd and PoorAg worlds, robotically shuttling back and forth between them. There's no good reason to go to a PoorInd or RichAg system. The prices are "wrong."
Why it shouldn't work
Prices are not random numbers arbitrarily pulled out of a hat. Rather, they are a compromise between what Buyers are willing to pay, and what Sellers are willing to accept.
What to do about it
Star Clusters and the Local Economic Balance
Star Clusters
A star cluster is just what the name suggests... a group of stars arranged around a common center, called the hub. Every system in the Ooniverse is the hub of its own cluster. Any star within jump distance (7 light-years) of that system is a member of the cluster.
The local economic balance
How this OXP works
Mechanics
Effect on Prices
The lowest price you'll ever find for Computers (or any Industrial-type goods) will be in a Poor Industrial system in a heavily-Industrialized cluster. The highest price will be in a Rich Agricultural system in a heavily-Agricultural cluster.
By the same token, the lowest price for Agricultural goods will be found in a PoorAg system in an AG-heavy cluster. The highest price for those goods are at RichInd worlds in IND-heavy clusters.
Consequences for the player
Real-Life Economics will make it much more difficult to earn a living as a trader. You'll no longer be able to fill your hold with cargo and unload it for a huge profit at the system "next door." You may have to travel a long, long way to make a big score. You'll also find that, because movements in quantity are now directly (rather than inversely) related to changes in price, when prices are lowest, quantities available for sale will be pretty low, too.
