DPT wrote:that is a nice idea, but it will only work if evrey single trader is in this, if evrey one is in except,... me for example, you can raise prices as much as you want, and all you will get is no buyers, becouse evrey one will buy at me for 50 % of your price
not that i'm trying to sabb your idea, i think it's a great one, and i would join it, if Muaddibzz wouldn't be saying evreyone i'm a scamer
but it just won't work my friends
it has a high chance of not working due to the Nash Game theory. It's all economics. (due to the large number of traders, i'll be talking about groups doing it instead of a single business) If all the traders come together and try to form a monopoly out of a purely competitive market, there is a high incentive to cheat. Say the guild set price is 800 mil per 1k. so if all the trader's stick to that everyone would get the 800 mil/k. if one group decides to set cheat and set their price at say 650-700 mil/k, they would get more business than the rest of the group. yet if both groups cheat, they'll have lower prices say 600 mil/k, and yet they might both get more business due to the lower prices. but then again this generally applies to a duapoly(two firms) instead of a purely competitive market(many many firms) such as this. that and i guess if you massed people who cheated that might give them more incentive to not cheat. jus t a thought.