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How do you regulate prices with the law system?
You can set minimum and maximum prices, if those are not kept, sales don't work.
How do you regulate prices with the law system?
You can set minimum and maximum prices, if those are not kept, sales don't work.
Read moreUndercutting is a valid strategy in the real world, because products can be marketed to differentiate themselves from similar products. Features such as, different colors, "heavy duty", lighter construction, faster, etc... But there is no marketing in Eco, and everyone sells the same medium rug. There is no market segmentation which makes one medium rug worth more than another.
Price wars kill the servers because, in order to make prices ever cheaper, the producer must cut job opportunities out of the marketplace to become more efficient. For example, eating scavenged free foods eliminates buying foods from the chef skills, therefore cutting chef labor from participating in the economy. This is why undercutting is a failed strategy long term.
In a healthy economy, prices should be slowly rising. Falling prices is the sign of a recession. Long term drop in prices due to module efficiency, competition price wars, and reduction of labor costs, creates a depression.
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That might be very valid, but the vast majority of participants in the economy in Eco do not agree to that and is even willing to sell at a loss, just to undercut. Hence, some regulation is required to make it work.
Originally posted by Tophul: I'm not certain but i think it would have to be done via contract for you to work on someone else's workstation for their projectNo, if he has normal authorization on the deed or the table it should just work out of the box. I can't reproduce this behaviour. Are you only a resident? That won't work.
Loans and bonds just seem really risky because there is a chance a player will leave. You can set reputation checks in contracts which can be good. I've seen servers have central banks through the government which seemed to work and I have also seen very punitive banking laws which basically gave loanies land/assets to loaner. Short of a non risky regulatory environment I would keep margins high and just market your services. Or maybe invest all that excess cash you have into buying vehicles to rent out or skill houses (is renting in yet?)
Yes, that's something that needs to be fixed by governance. On Tiger in such cases the Federal Bank reimburses the private bank loaning the money and will sue for getting back the loan, that can include convictions of land loss, e.g. seizing, then done by government. Works similar to collateral, just more security for the players loaning, so they dont have to deal with it. Of course you can keep the courts out and just do it via government directly.
Yes, renting is in, but only partially yet.
should only cost what it takes to replace the good (which should go down with efficiency modules and excess work stations
It would be better if the modules were not factored into the price, and prices were not lowered. Because continually lowering prices benefits long term players, by making markets unprofitable for new ones. You create a monopoly this way. Once you get the modules, you should create jobs with excess wealth. You do this by paying more for inputs than they're worth, so players will transport them too you. Also, by building big ashlar mansions which consume a lot of resources. Prices in a healthy economy should go up, not down.
That's where government should come into play to find solutions, for example with subsidies paid by the very taxes the long-term players pay. Of course no player itself will want to loose out on profits when they can make much more by just lowering their prices a bit so that others can't keep up but they still have a larger profit margin and the others.
On Tiger both percentages are typically well below 5%. We do work with those systems a lot though, so we have a big audience for them and train the audience to use them.
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You unfortunately did not follow the rules when posting your ad. You need to post it in the Server Advertisements megathread and can ADDITIONALLY, until April 1, post it as a post on the main page. Your post has hence been removed.
You unfortunately did not follow the rules when posting your ad. You need to post it in the Server Advertisements megathread and can ADDITIONALLY, until April 1, post it as a post on the main page. Your post has hence been removed.
You unfortunately did not follow the rules when posting your ad. You need to post it in the Server Advertisements megathread and can ADDITIONALLY, until April 1, post it as a post on the main page. Your post has hence been removed.
Yes, we do plan that. The title screen is foreshadowing that.
No Collaboration and depending on your playstyle additionally crafting time and resource cost modifier to 0.5