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Old School Economy Plans

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I Buy Bulks

I Buy Bulks

Posts: 18 Bronze Posts by user Forum Profile RuneMetrics Profile
Can you provide more detail on when certain items will be deleted from the game? Is it based on a target price Jagex wants for the item, the tax generated from sales of that specific item, a target quantity of that item that Jagex wants in the game? Thank you

09-Nov-2021 03:30:58

E P Diablo

E P Diablo

Posts: 24 Bronze Posts by user Forum Profile RuneMetrics Profile
As an economist, this is my view of the economy: The game’s economy is healthy if it help players progress towards their goals. The movement of prices conveys information needed to facilitate mutually beneficial teamwork between players. Changes in prices simply convey information needed to help players work together. For instance, if there are 32 million players and each of them wants a Zamorakian spear, then farming K’ril Tsutsaroth is important as long as the community does not yet have 32 million Zamorakian spears. Once 32 million Zamorakian spears have been recovered, the value of a Zamorakian spear could fall below its High Level Alchemy value to signal that the best use of additional Zamorakian spears is as a High Level Alchemy target. As long there are not enough Twisted Bows for everyone to have one, Twisted Bows will still have a high price and the prices will show players that Chambers of Xeric now provides more important loot to the community than K’ril Tsutsaroth. Therefore, changes in prices are a healthy part of the economy’s development that can show the economy has succeeded in its goal of making items available for players (for instance, we’ve already succeeded in making dragon scimitars widely available). As a result, a tax is harmful to the economy. Players may lose coins that they needed for goals such as construction to taxes. Alternatively, they might lose time searching for a trading partner in order to make a tax-free trade. Another danger is that players searching for tax-free trades may become scam victims.

12-Nov-2021 17:41:02

Klotho
Mar Member 2024

Klotho

Posts: 191 Iron Posts by user Forum Profile RuneMetrics Profile
I like the idea of a GE tax, but I think it would be better to tax both buy and sell offers.

I liked the idea of of using the tax to sink items until I found out it would only affect predetermined PvM items. I think it would be a lot better to maybe look at why some of those items have fallen in price. Take corp for example. It's pretty much never killed the way it was intended to be when it originally came out. It's probably one of the most braindead pieces of content in the game, so it seems fair to me that its items fall in price. If you want them to hold value, change the way alting and stat-reducing specials work there.

I like the idea of buying extra bank space and think the prices are perfectly fine as proposed.

I still think the best solutions would be bringing back old death mechanics, and nerfing some PvM drop tables.

13-Nov-2021 17:05:43

Ginger

Ginger

Posts: 1 Bronze Posts by user Forum Profile RuneMetrics Profile
I do believe that implementing tax is a good idea for the economy in the long run. Would love to see the collected tax going towards something for the community! Or even the individual player as a redemption mechanism for “xyz” (materials, experience point lamps, etc).
People may try to bypass the GE tax and trade privately with others rather than selling through the GE. With this we may see an influx of trades between players. I think this can be solved with a “tax free” trade limit, where a player is given a limit on trading with others before the system begins to tax each trade. This would surely avoid people bypassing tax or participating in any harmful trade activities that may target specific individuals.

Can’t wait to see the new economy! :P
Ginger

17-Nov-2021 05:43:47

Guyton et al

Guyton et al

Posts: 1 Bronze Posts by user Forum Profile RuneMetrics Profile
It seemed like an extremely good way to keep the economy healthy.

I must recognize the seriousness of Jagex, that instead of tinkering with the economy on their own, they hired economic professionals and here's the result: a great plan.

In addition, incentives to keep the account safe have increased. One more positive point!

Congratulations and thanks for listening to us! ;)

17-Nov-2021 15:08:35

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19-Nov-2021 18:02:15

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