February 2020
Beginner
202 pages
4h 37m
English
Content preview from The Economics of Online GamingBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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Chapter 11
Market War II
The ruthless efficiency that generated The RICH Effect was enhanced by the trading system created by bots. Before Richery entered the market, prices would fluctuate depending on which producers were available, but a bot could sell items at any time, day or night. And after the spread of bots such as Richery, the market prices became more stable throughout the day. In other words, the whole market became more efficient.
The market’s increasing concentration and efficiency led to a simple structural change. It started with lots of competitors, but the rise of RICH transformed the market into a monopoly. Whenever RICH lowered its prices, everyone else would be forced to follow. If they could not match the RICH prices, then ...
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