Say you have 100k food on stocks of a product in your team, and prices are 3/2.
If you sell all the prduct, there will be more product available at the market and so the prices for that product will go down.
But there will also be more money in the market (if you do not spend it the same turn) ans so prices for all goods will go up.
Now the question: Which of the cited effects prevails? Will the product become more expensive, less expensive or stay the same.
Is there knowledge about how
a)different products
b)total stocks in products
b)different base prices
c)gold reserves
Analysis of the buyouts:
On Turn 3 we bought out Steel at a price of 10 and sold the next turn for 11 for a profit of 10%.
On Turn 4 we bought out Mounts at a price of 15 and sold the next turn for 30 for a profit of 100%.
On Turn 5 we bought out Steel at a price of 9 and sold the next turn for 18 for a profit of 100%.
On Turn 6 we bought out Mounts at a price of 11 and sold the next turn for 16 for a profit of 68%.
As you can see the prices for all products stayed around the same each turn except the product being bought out. If you interpret closely someone was buying Mithril on Turns 2, 3, and 4. Also on Turn 4 it seems some of the Free Peoples were tryin to guess the next product and bought some Bronze thus boosting it some for a turn.
My observations on how the market works are basically each turn the game checks how much a product started with, how much it ends the turn with and what is the average amount of reserves(cash) is in the game. Remember these are my guestimates over playing quite a few games.
1.Reserves stay the same.
If the amount of product on the market goes up the prices will go down.
If the amount of product on the market goes down the prices will go up.
If the amount of product on the market stays the same the price will stay the same.
Reserves go up.
If the amount of product on the market goes up the prices will go down a small amount to staying the same.
If the amount of product on the market goes down the prices will go up.
If the amount of product on the market stays the same the price will likely go up a little.
Reserves go down.
If the amount of product on the market goes up the prices will go down.
If the amount of product on the market goes down the prices will go up slightly.
If the amount of product on the market stays the same the prices will go down slightly to staying the same.
In your example your selling 100k food for which you will be flooding the market and regardless of what the rest of the market does, Food prices will go down. It could take a few turns for food prices to stabilize again after that much is sold off unless people can maintain high reserves in which you might get lucky and get food prices back up again a tad earlier.
The Middle Earth economy is loosely based on classical supply & demand theory. If you don’t feel like reading Adam Smith and Ricardo you can find it in almost any high school or college economic text. However, there are some more subtle elements woven into it. Like Shaw’s parrot, say either supply or demand and you can explain 95% of what happens in the ME economy.
