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"Same" meta item, different prices. Theory behind it?
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Babyface Eighteen
School of Applied Knowledge
Caldari State
#1 - 2013-05-24 09:25:08 UTC
If you browse the market, you will find items that have the same meta level and properties, a volume that is not close to 0, and they vary alot in price.

Item X and Y are the exact same items, but with different names. X has 20 different buy orders for 40mill per unit(60mill sell), and Y has 20 sell orders for 20mill mill a unit. Prices are the same over time. And if X is selling for 40-60mill,

So the big question is. Are people just stupid, or do they pay 200-300% extra for a different name, or is a combination of both?
Armi Tage
The Thirds
#2 - 2013-05-24 10:19:24 UTC
Different names = different Items

Basic Items =/= Tech 1 Items

What people pay for different items with (nearly) the same benefits is a complete different story, and depends on their useage
Vera Algaert
Republic University
Minmatar Republic
#3 - 2013-05-24 12:58:02 UTC  |  Edited by: Vera Algaert
people are lazy and don't do research - this is most apparent where there is overlap between deadspace and officer items. The "Compare" interface is relatively obscure and hard to use.

personally I like to fit ships to a theme if it isn't too expensive to do so - if the price difference is only a few million I'd always go for the Dark Blood EANM over the Imperial Navy EANM when fitting a Cruor, for example.

so I'd say "a combination of both" which is heavily leaning towards stupid.


And meta level does of course not always tell the whole story. Warp Scramblers are a prime example: http://i.imgur.com/MhSS0E3.jpg

Of the 8 faction warp scramblers none are actually the same.

.
Stigman Zuwadza
Deep Core Mining Inc.
Caldari State
#4 - 2013-05-24 14:30:10 UTC
On the meta 0-4 I would also check the requirements to equip.

When I start a new alt I always buy the stuff that requires little to no training, it costs a lot more but then that alt can begin doing stuff sooner.

Fly safe. o7

It's broken and it's been broken for a long time and it'll be broken for some time to come.
Kethas Protagonist
Protagonist Ventures
#5 - 2013-05-25 06:53:07 UTC
Inertial Stabilizers are my favorite example of this. The "Local Hull" meta 4 item is actually categorically BETTER than the t2 version, costs less, and yet significant volumes of both sell.
Secret Squirrell
Allied Press Intergalactic
#6 - 2013-05-26 04:28:38 UTC
1. Large premium for officer gear, even if its not better.
2. Often there is a go to variant when people discuss an item, for instance, if you say faction adaptive invul, you think Caldari Navy, many people will then go buy that, and ignore the DG invul, which is identical in every way except for name, and costing 70M less.
3. Rarity can drive up price, even if its not better.
Samroski
Middle-Earth
#7 - 2013-05-26 07:03:57 UTC
Stigman Zuwadza wrote:
On the meta 0-4 I would also check the requirements to equip.

When I start a new alt I always buy the stuff that requires little to no training, it costs a lot more but then that alt can begin doing stuff sooner.

Fly safe. o7

On this note: When fitting ships, I occasionally use meta 3 (or lower) items instead of meta 4 or 5, due to lower CPU/power grid requirements for fitting. For e.g. meta 3 shield boosters have significantly lower CPU requirements than higher meta levels (iirc).

Any colour you like.
Sabriz Adoudel
Move along there is nothing here
#8 - 2013-05-27 01:42:02 UTC
Secret Squirrell wrote:
1. Large premium for officer gear, even if its not better.


This is really true. Officer mods have other uses than just putting them on a ship - their rarity makes them ideal for use in margin trading scams.

So a terribad officer mod (say a passive armor kinetic hardener) actually has real demand even though noone in their right mind would actually fit it to a ship.

I support the New Order and CODE. alliance. www.minerbumping.com
The Antiquarian
Imperial Academy
Amarr Empire
#9 - 2013-05-29 09:13:04 UTC  |  Edited by: The Antiquarian
Babyface Eighteen wrote:
If you browse the market, you will find items that have the same meta level and properties, a volume that is not close to 0, and they vary alot in price.

Item X and Y are the exact same items, but with different names. X has 20 different buy orders for 40mill per unit(60mill sell), and Y has 20 sell orders for 20mill mill a unit. Prices are the same over time. And if X is selling for 40-60mill,

So the big question is. Are people just stupid, or do they pay 200-300% extra for a different name, or is a combination of both?


Someone already mentioned about the rarity, but there is more to it than just being "rare." There are certain basic items that are not available/seeded anymore and hence, they command such prices. Most likely, the buy orders are generated from those collectors.
Skydell
Bad Girl Posse
#10 - 2013-05-30 07:06:48 UTC
I don't think there is a one size fits all answer. Some times it's obvious lack of observation on the buyers part. Other times there is a penalty or fittings advantage that makes the 'lesser' version better. It's a variety of answers in the meta game.
Vaerah Vahrokha
Vahrokh Consulting
#11 - 2013-05-30 07:33:38 UTC
It's quite easy:

they are different markets. Each market has its own life, even when they are correlated, even when they involve similar items.

Furthermore, markets are not "numbers" or "money" or "charts", but are a community of people.

In such community you'll find a plethora of differing opinions, you'll find the informed guy who will buy "the equivalent to XXX famous item" (typical of BR vs Caldari Navy expensive items), you'll find the guy who wants "epics", the guy who reads Battleclinic bad fittings and will copy them by buying the suggested (overly expensive for minimal reward) gear.

All of these opinions form a syncretism that we label as "market".


Hmm rereading the above, it looks like I am talking like an all high professor, it's not my intention, I just want to help.

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