Cornering the World of Warcraft Markets

Terra Nova has a post up about a financial development on the World of Warcraft server Elune. From the article: "two players recently bought out the entire contents of the Auction House in Ironforge, with the exception of premium-priced high-level weapons and armor (e.g., they bought all the trade goods) and then resold all of what they bought at a higher price." They go on to discuss the event in the context of Massive Game economies and the results that tradeskills can have on monetary inflation.

Comments

Re:I fail to grasp the (perceived) problem

[Elwood P Dowd]

There is no Alan Greenspan to offset the economy with whatever adjustments.

Uh, yes there is. Blizzard may not have anyone as smart as Alan Greenspan, but they can tweak the market a billion different ways. They can make it easier to acquire raw goods, or harder to sell large quantities. Obviously.