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New dev blog: Price Indices – February 2012

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CCP Guard
C C P
C C P Alliance
#1 - 2012-03-16 16:57:50 UTC  |  Edited by: CCP Navigator
CCP Recurve has a smokin' new price indices blog out on the internet. Check it out here to hear all about recent developments in our amazing economy.

CCP Guard | EVE Community Developer | @CCP_Guard
Bienator II
madmen of the skies
#2 - 2012-03-16 17:06:25 UTC  |  Edited by: Bienator II
so, did the money supply through bounties change? If not, it does not realy matter if its the largest piece of the pie or not, incursions or something else can still be the cause for the inflation.

how to fix eve: 1) remove ECM 2) rename dampeners to ECM 3) add new anti-drone ewar for caldari 4) give offgrid boosters ongrid combat value
Lord Haur
Star Frontiers
Brotherhood of Spacers
#3 - 2012-03-16 17:09:26 UTC
Quote:
There‘s certainly a lot of money coming from Incursions. Incursion rewards in December amounted to 9.6 trillion ISK, which is an all time high, while the rewards in January and February were 9.0 and 8.7 trillion ISK respectively. That‘s quite a bit of money entering the economy. However, Incursions are not the biggest ISK faucet, bounties are. Bounty prizes paid out in February totalled 33 trillion ISK.


Can we get numbers on the amount of characters recieving Incursion payouts and Bounty prizes? (What I'm actually asking for is the ISK per character for each income source). Sure, Bounty prizes paid out 2.5x more in total, but a LOT more people run anomalies and such.
testobjekt
Goonswarm Federation Human Resources
#4 - 2012-03-16 17:21:08 UTC  |  Edited by: testobjekt
Please make the RAW data available. Sure your indices are nice but we cant really analyse the economy if we only get indices and excel charts.



GIVE US RAW DATA!

The dream would be to have a database with every trade, oh god that would be so sweet. please do this.
Tippia
Sunshine and Lollipops
#5 - 2012-03-16 17:23:35 UTC  |  Edited by: Tippia
edit: Never mind, I was reading the charts wrong.

What I'm after is the actual raw numbers for the money supply and how much of a net increase we see each month.
Cass Lie
State War Academy
Caldari State
#6 - 2012-03-16 17:29:12 UTC  |  Edited by: Cass Lie
Great informative blog, good to see this kind of data posted gain after the abortion of QEN. However, it would help to know the exact composition of market baskets for the respective indices. I also second the request for the raw data of money supply, or at least the exact method of calculation of the index. If it is not an index the graph is missing units (generally speaking even dimensionless arbitrary units should be noted as such but I guess this is economics).
Takashi Kaeda
Perkone
Caldari State
#7 - 2012-03-16 17:31:12 UTC
How much of that bounty ISK is coming from ratting titans and bots?

The second one might be out of reach of your analytics but do you have any rough data on ratting titans?
testobjekt
Goonswarm Federation Human Resources
#8 - 2012-03-16 17:38:27 UTC
can you please detail how much bounty comes from highsec/lowsec/0.0

how bounty developed vs player count
how incursions developed vs player count
what the median and avarage income per player is for both and how it has developed
do you only count money on active accounts for the inflation?


To me this looks like a blog designed to protect the incursion playerbase from the wrath of the rest of eve.
Marbin Drakon
Reboot Required
#9 - 2012-03-16 17:39:47 UTC  |  Edited by: Marbin Drakon
How often is the bundle used to calculate the CPI updated? Or is it even calculated with a commodity bundle?

Forgive me if the question is irrelevant for some reason, my understanding of Macroeconomics is rather elementary.

Eve W-Space: Open source wormhole mapping and corporation management: https://forums.eveonline.com/default.aspx?g=posts&t=210073

Chokichi Ozuwara
Perkone
Caldari State
#10 - 2012-03-16 17:48:47 UTC
This post is even more useless than Government statistics. It tells us almost nothing because we're deprived of access to the larger #s.

More fluffery on the dev blog. BIG YAWN.

Tears will be shed and pants will need to be changed all round.
Nair Alderau
The Blessed Chains of Freedom
#11 - 2012-03-16 17:50:54 UTC
I would have liked a sentence on whether CCP is considering some kind of intervention (or more likely, subtle mechanics change) or not.

Yeah, i know. Silly me. ;)

It also backs up my own data on the issue. There most certainly is proper inflation on Tranquility by now.
Nair Alderau
The Blessed Chains of Freedom
#12 - 2012-03-16 17:53:47 UTC
Chokichi Ozuwara wrote:
This post is even more useless than Government statistics. It tells us almost nothing because we're deprived of access to the larger #s.

More fluffery on the dev blog. BIG YAWN.


Actually quite a few more numbers were released, but not centrally collected.

Example: http://conceptofprogress.wordpress.com/2012/03/08/eve-a-day-in-the-life-of-the-eve-economy/

More for those who search and look at the eve blogosphere.
Nair Alderau
The Blessed Chains of Freedom
#13 - 2012-03-16 17:55:17 UTC
And if you mean price trends on individual items or item groups:

Those are freely available for several years for all market tradable items in most regions of eve. Not difficult to do your own price indices (which I and many other people do).
Sentient Blade
Crisis Atmosphere
Coalition of the Unfortunate
#14 - 2012-03-16 17:59:26 UTC
I too would like to know the figures for incursions / anoms divided by their respective participant numbers.
Liang Nuren
No Salvation
Divine Damnation
#15 - 2012-03-16 17:59:52 UTC
I'm very much looking forward to hearing what the better economic minds of New Eden have to say about this.

-Liang

I'm an idiot, don't mind me.
Murashu
Dead and Delirious
Brotherhood of Spacers
#16 - 2012-03-16 18:04:05 UTC
I'd love to see how many pilots were involved in earning the 9 trillion ISK (incursions) compared to the 33 trillion isk (bounties). Posting how much ISK the two activities brought in without the other info is just showing a small part of the story.
Pinky Denmark
The Cursed Navy
#17 - 2012-03-16 18:04:14 UTC  |  Edited by: Pinky Denmark
Most importantly : Are you going to adress these issues or are you just going to watch people easily filling their pockets with a chance of breaking the ingame economics?

Pinky
Andrea Griffin
#18 - 2012-03-16 18:09:56 UTC
For those of us who are less versed in economic matters, what I take away from this is that there is inflation and that I should stick all of my liquid isk into goods instead. C/D?

CCP Sreegs is my favorite developer.
Scrapyard Bob
EVE University
Ivy League
#19 - 2012-03-16 18:12:35 UTC
CCP has already stated in another thread that they are looking at both faucets and sinks, with the possibility of adding new sinks to the mix.

They definitely need to move away from "raw ISK" as a reward. Better to have the rats drop items that have to be sold to NPC buy orders if you must have an ISK source. That's a bit harder to bot, and requires a bit more risk in order to profit to the maximum. And far better to have more of the reward come from dropped items that you have to sell to other players.

The other major issue that incursions cause is that CONCORD LP can be traded in for every other store's LP in the game, which devalues everyone's LP. CCP needs to change the trade-in value formula so that unless you have high corporate standings with the target corporation, you will not get max value for your CONCORD LP. Which would force corporate standings to matter again and bring missioning (to raise standings) back into the mix.
Lilliana Stelles
#20 - 2012-03-16 18:13:12 UTC
Someone correct me if I'm wrong, but I don't see why CCP would need to intervene with inflation. It's not something new; the charts clearly show that the entire market has been inflating since day one.

Eventually, those running Incursions and ratting for bounties will actually be put at a disadvantage, as the value of pure ISK decreases over time.

However, everyone else will notice a negligible change. Mission runners may earn less value from their ISK rewards, but the price of their salvage and loot will increase, along with the tags that they collect and what they get from LP. Researchers and manufacturers will also be relatively unaffected, as their products will increase in price to match the inflating economy.

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