People shouldn't be able to do this shit.

[Shakou]

lol man in game items can be reproduced infinitely and have no real value. This isn't the real world, and yes there are laws in the real world against such things and also over pricing items during say a natural disaster or something. Totally different, things are finite in the real world.

[meroko]

The simple solution is to buy any "abnormal" priced items and relist at what the actual current market price is.

[vsb]

That would be cool.

UI would have to be rebuilt for that, which is long overdue, otherwise imagine having to scan through thousands of pages of 1 stack auctions.

I think for common trade goods something like current coin system would be awesome with instant buyout and instant selling, the real price will depend on balance of supply and demand. For rare items current system would be enough.

[Kazuchika]

So in other words OP is butthurt someone is undercutting them and just had to make a thread about it.

[Kylista6]

I feel the need to reference Walmart and Pharma companies.

[Vaerys]

I feel the need to reference Walmart and Pharma companies.

Go ahead and do it then.

[Deleted]

Because that way you devalue the product and it's relative value on the market, given all the things (people's average wage etc) into account. Also you're directly forcing all of your competition to drop their prices insanely or they won't stay up. Smaller companies will crumble because they won't be able to basically pay their employees anymore as the amount of money earned per month will be too small. Not to mention maintenance expenses.

You can set a discount, you can have different promotions etc. You just cannot literally whatever the fuck you please with the price of the product you're selling. You can if you're a hobo on the market selling tomatoes. You cannot if you do actuall business.

The reason people don't sell internet for 5 a month is because they cannot sustain that price long enough until competitors die off, not because it's illegal. Only having a monopoly and price argreements/cartels are illegal usually.

Stuff is sold at a loss all the time in the real world, the most common example is basic products like milk, cheap bread, detergent, etc. Supermarkets regularly sell that at cost or a loss, and only make profit of more luxurious versions of those products. (and on top of that stuff like milk often gets subsidized too). But aside from that there are clearance sales, bankruptcy auctions etc where stuff often goes for a loss.

Small companies die all the time because they can't compete for price with big chains too, only rarely will a authority step in.

and ultimately, none of this applies since the runes in your example are sold for profit.

[Bloodwolf]

You shouldn't complain you should profit when seeing this. You have 2 options: Either buy and relist or list some of your own runes at an even lower price and see if some idiot lists it even cheaper ---> profit even more. I really don't get the problem here.

- - - Updated - - -

lol man in game items can be reproduced infinitely and have no real value. This isn't the real world, and yes there are laws in the real world against such things and also over pricing items during say a natural disaster or something. Totally different, things are finite in the real world.

Yeah and that's why we fuck the planet. We have established a system (aka "free" market) that lets us pay with a theoretically infinite currency for limited ressources. If either the currency or the ressources are infinite the whole thing gets messy. I guess WoW isn't that different from real life economics then?

[Kylista6]

Go ahead and do it then.

Didn't i do just that?

[BananaHandsB]

If someone sets prices "absurdly low", buy them out and relist for what the market is willing to pay and...boom...profit. Much better than going to the forums to complain.

[makkura]

What country and please link this law. I don't believe you. By definition a free market economy means that the government doesn't interfere.

I'm not sure if you're American or not, but the United States has things called antitrust laws, under which things like the predatory pricing that you're talking about are covered. These are in place to protect competition in the market and ward against potentially monopolizing behaviors of large corporations. Here's a link to the Federal Trade Commission's page talking about it.

www (dot) ftc.gov/tips-advice/competition-guidance/guide-antitrust-laws/single-firm-conduct/predatory-or-below-cost

If you want to get into some legalese you can read more here.

www (dot) law.cornell.edu/uscode/text/15/chapter-2/subchapter-I

[frogger237]

So you want some way to punish people who lower the price on an item you sell by alot but its ok to raise the price of an item 20000% because a quest or something is added that requires it?

[Holofernes]

What are you even talking about, you moron? You want to talk about countries? Alright.

First of all, my country is fucking poor. People here work for like 400 euros a month and cannot afford to RENT an apartment with their own full-time job. The reason why it is like that is because 90% of our companies are PRIVATIZED. Even our biggest "state companies" are under the ownership of a single private person. However, we have poor privatization laws and owners can do whatever the fuck they want, including paying employees not enough for a dignified life. If this was a country in any way connected to socialism or communism - it wouldn't be that way. Because even though socialism is "an equal sharing of misery", rich have to give something to the poor, so the people would live better than they do now. And yes, I am still against communism.

Second, you don't live here so you have absolutely no idea aside from some side facts you gathered god only knows where. Stop derailing my thread with politics of my country. I said that in my country there is no monopoly, everyone can start its business and get on the market, you just need to start the business.



Exactly. You need to babysit your auctions. That's the effort you need to put in, to see who is more persistent. But you always know that your product will sell with more or less that price. That's how I sold potions, crafted gear or anything before. Was I mad that 10 seconds later someone undercut me by 10copper? Of course I did. But do you know why I was happy at the same time? Because I knew that the undercut was so little, the only purpose it served was to put his item in front of mine.

i have seen your hometown before your country even existed.

[Servasus]

The market dictates what the fair price of something is. Just because someone randomly looted a red gem and was the first ever to list it at 500g, doesnt mean its worth 500g.

There is no market authority, everyone can do as they please on the AH.

Likewise, though, just because someone undercuts by over 50% of the above prices doesn't mean it's worth that little. I have people ALL THE TIME pricing items on my server for cheaper than the raw mats probably because they are impatient and don't want to wait longer than a day to get their gold and they farmed the mats themselves so what do they care if they don't make as much? They didn't have that gold in the first place.

[Sansnom]

http://imgur.com/a/7NKei
Doing this shit should actually be restricted through in-game system. Now, I'm not an economist IRL but I'm pretty sure that if you open up a shop or business there is a law preventing you from setting your prices absurdly low, because you cut out the competition, and in order for the competition to follow you, they should all drop their prices so low that the entire market value of the product or service gets f***ed.

I don't think there is such a law. But there are laws against cartels which inflate prices to maximize profits.

[Vaerys]

Didn't i do just that?

If you want to make a point, just make it. Making an oblique reference and expecting others to read your mind as to how it applies is ineffective.

[Seefer]

Psh if I want to sell my stuff at half the price I will, I get my gold and if yours is the next one in line for lowest price so will you.

[Animalhouse]

This is a long debunked myth, stuff doesn't sell faster just because it's 50% cheaper. If raiders need Vantus Runes, they go and buy it, whether it costs 2,5k or 1,5k. They don't go and say: Oh wow I wouldn't normally use it, but now that it's 1,5k I will buy it. Noone says that. It may be the case with rare transmog items of course, but with consumables and raid materials, it's not true. You need it - you buy it.

It sure the hell does sell quicker when it is 50% cheaper!
I undercut like a savage beast. Sometimes I do it because I know the sellers are people that just manipulate the AH and if they want to rape people than they will have to buy my item and mark it up. If not than someone is able to get a decent deal without being gouged.
Things are MUCH better now that WoW tokens are a thing...I see far less CGF scum.

[enragedgorilla]

It gets rid of people too impatient to sift through single posts OR who do not use an AH addon.
it is annoying
LESS so when you have an addon that allows you to bypass them.
I refuse to buy from single stack posters anymore thus I use an addon to look at, then not buy from them.

[tratra]

http://imgur.com/a/7NKei

Doing this shit should actually be restricted through in-game system. Now, I'm not an economist IRL but I'm pretty sure that if you open up a shop or business there is a law preventing you from setting your prices absurdly low, because you cut out the competition, and in order for the competition to follow you, they should all drop their prices so low that the entire market value of the product or service gets f***ed.

I know I shouldn't be drawing parallels to real life economy in a game but I'd like to see undercutting greatly restricted on the Auction House, and if you want to sell something for 50% of the price like the moron over here, just use trade chat instead. Also worth mentioning are the individuals that, using the Auctionator addon, then add up to the misfortune by undercutting the troll price itself and ruining the prices even further.

I have NOTHING against undercutting for small amounts in order for your item to be sold first, I did it, you did it, everyone did it. As long as the average market price remains the same. Destroying other people's chances at earning decent money with the effort they put in by leveling their crafting skills and gaining the recipes, is pathetic.

what? there is literally no law that prevents you on setting the price to whatever you want. (Free world).