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Posts Tagged ‘Market Price’

Trading – People, Ports, or Production?

29/11/2010 1 comment

Settlers has a lot of trading in it. What’s the best way to do it? I’ve played with people who swear that it’s more advantageous to not trade with anyone until you have 5 points(relying on their own production), and I’ve played with people who only ever used the set rates of 4:1 or the 3:1/2:1 ports to trade.

From an economics standpoint, it is not advantageous to cut yourself off from trading with other players. The main reasoning that I have heard to discourage trading with opponents is the fact that you are directly giving an opponent a resource that he/she deems valuable. Why not keep it for yourself and not help them? The fact is that whether you participate in the trading or not, there is a market available to trade resources at a changing price, and your opponents will participate in it whether you do or not. In fact, the maximum participation in the market will give the most stability and fairness to the pricing of each resources. My advice is then to participate in the trading between players, but with the correct knowledge and foresight. A beneficial trade is one where each player is receiving resources that help him/her the same as the other. Trades need to be mutually beneficial and to the same degree of benefit. Read more…

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Manipulating Market Price

21/10/2010 7 comments

As of now, I’ve looked at a trend in development strategy that I’ve seen, and now I’m looking at pricing. There’s not much strategy here (or at least anything past a beginner/intermediate level), and you might be a little annoyed – isn’t this supposed to be a blog outlining the best strategy for Settlers? We’re getting there. Don’t worry.

As I said last time, value is determined by the market. For some, this is a flashback to any introductory economics class taken previously. For the rest of you, here’s the rundown: when you graph the supply curve of a product and the demand curve of that same product on the same axes, we can find the market price (or equilibrium) by where they cross. If the demand goes up (by a shift of the demand curve to the right), the equilibrium price will move up. If the supply goes up (by a shift of the supply curve to the right) the equilibrium price will go down.

So what does this mean for Settlers? Read more…

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