If any economist types have a few minutes to talk to me about price convergence in world of Warcraft assuming arbitrage barriers are only gatekept by knowledge, and the blogger/content creators role in removing barriers, plz poke me. I'm considering a doctorate in Warcraft gold
Ok so my idea is that the purchase and sell prices of [item] would converge and match each other, if all players had the same skills, profs, time, knowledge ..
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Do you mean across an entire region? There are a crap ton of variables that go into determining an item's price. Time is an important one to consider.
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I was reading a paper that normalised it across n servers and could thus extrapolate across entire region
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