Re: Olympia - Free Market Economy

From: morrow@romulus.rutgers.edu (John Morrow)

Date: Wed, 17 Jun 1992 21:52:14 +0000

rsocia@renaissance.cray.com (Rick Socia) writes:

>Proposal - What do you think of having markets being treated like structures,
>having an owner.  That owner would be responsible for setting prices.

[Specifics deleted]

>Discussion?

I have tried to work this out and the main problems is this.  If I
have, say, 10 warhorses, I can walk into any market that sells them
and sell all 10 warhorses and get a stable price for them.  Now,
suppose 10 other people do the same thing.  Assuming you drop the
price down to 1,000 gold each, that is 100,000 gold.  Now, if someone
OWNS the place where horses are bought and sold, they would need to
have that 100,000 gold to pay off the sellers.  At that point, some
OTHER joker is bound to simply attack the shopkeeper and walk off with
the gold -- it would be worth it.  OR, you will never be able to count
on selling items.  Remember, we have ONE MONTH TURNS here.  It would
require a very complex mechanic to vary market prices, number of
sales, purchases, etc. so people, both buyers and sellers, don't get
screwwed.  In addition, once you allow market prices to vary, you have
the problem of just how much things are selling for.  If you can come
up with a good model that can handle these problems (i.e. work it
out) without being so frustrating that people give up, let us know...

John Morrow - Varian [856]

References

Olympia - Free Market Economy
rsocia@renaissance.cray.com (Rick Socia)
Wed, 17 Jun 1992 13:31:57 +0000

Referenced By

Olympia - Free Market Economy
rsocia@renaissance.cray.com (Rick Socia)
Wed, 17 Jun 1992 13:31:57 +0000