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Topic created : 5.06.2010, 08:46

Last time edited : 5.06.2010, 08:49

Honorchamp
Winner of the Leaders Contest in the nomination Markets Storm Winner of the Leaders Contest in the nomination The Standard of Virtonomics Winner of the Contest for Managers in the nomination "Knowledge is power!" Winner of the Contest for Managers in the nomination Consumer Goods Winner of the Contest for Managers in the nomination Trade Turnover Winner of the Contest for Managers in the nomination The Standard of Virtonomics
 
If there are 50 offers of a tech license for only $1,000, and I list mine for $1,000 as well making it 51;
 
1. then a buyer lists for $1,000. Who out of the 51 gets the money??
2. If one guy lists for $2,000, and the buyer offers $2,000, does he get it and everyone else gets nothing?? How is this split amongst the 51 sellers?
3. If the buyer offers $500 and everyone is listed as $1,000 or more, does anyone get anything?
4. are there any situations in #3 where anyone gets anything?
5. what does it mean when the color of your listed price changes to red or blue???
6. does the limit of 30 licenses to sell ever increase? if so, when?
7. It says minimal price, but you can still list under this, what happens if you do?? is there some penalty of some kind? Do you not get any sales? I notice 99% of sellers list under this anyway. What is it for then??
8. Please explain who gets the sales when someone puts up an offer. Sales prices are all over, is it only about the lowest sale price gets the sale? (if so I think the tech license sales system is hugely flawed as noobs just list for 1,000 all the time thus sabotaging the market for everyone.)
9. If you list uncompetitive for $10,000 and a buyer lists only $1,000, does a sale ever happen? When? Does the buyer still have to list higher than $10,000 for a sale to happen?
 
thanks.   

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5.06.2010, 08:58

Mike1
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http://wiki.virtonomics.com/index.php/Principles:Science ...  
 

5.06.2010, 16:32

Last time edited : 9.06.2010, 17:10

Honorchamp
Winner of the Leaders Contest in the nomination Markets Storm Winner of the Leaders Contest in the nomination The Standard of Virtonomics Winner of the Contest for Managers in the nomination "Knowledge is power!" Winner of the Contest for Managers in the nomination Consumer Goods Winner of the Contest for Managers in the nomination Trade Turnover Winner of the Contest for Managers in the nomination The Standard of Virtonomics
 
- It talks about bids.....what the heck is a bid??? there are no bids in the game. It is not a price bid that is not what they are referring to so what are they talking about? I have offered licenses for sale and bought them and have never seen this anywhere.
 
First stage
""" The most cheap go first at the price of seller on account of the most expensive applications, provided that price is within set my Customer maximum limits. """
- What does this mean?? on account of the most expensive applications???? what the heck does that mean??? What does it mean by "set MY Customer maximum limits"??? None of this makes any sense at all. I am even more confused after reading the wiki.
 
""" The most cheap go first on account of the most expensive applications at the average price between sellers and customers."""
- What does this mean??? again talking about some applications??? What the??? and when it says the most cheap go first, does it mean the sell offer or the buy offer??? it doesn't say. The most cheap what???
 
Second stage
 
All the offers, left after the first stage are considered. The most cheap go first on account of the most expensive applications at the average price between sellers and customers. ((( All the sale offers?? or all the offers to buy??? it doesnt say, if I can maybe get this it seems to say the cheapest sale offer goes to the buyer who offered the most money so its like backwards. If you bid-offer the most, you get it for the least. WIERD. Can this possibly be right somehow? An opposite system? Then it says at the average price so if someone is selling a tech for 100,000 and a buyer bid-offers 200,000 then it sells for 150,000. Is this right? And is this a competitive offer or non competitive???? Again it doesn't say.
 
Example of second stage: The customers have formed applications for introduction of technology of second level with the following parameters: 100 applications at price not higher than 2000, 50 applications at price not higher than 1000, 1 application at price 10. The sellers have formed applications: 20 at price 100, 10 at price 500, 100 at price 1000, 1 at price 2000.
 
Bargains will be done as follows: first of all, demand applications with maximum price will be processed, by means of supply applications with minimum price. Out of 100 demand applications with price 2000 20 at price 100 will meet the requirements at price (2000 + 100) / 2 = 1050, 10 applications with 500 at price (2000+500) / 2 = 1250тр, 70 application with price 1000 at price 1500. Out of 50 demand applications with price 1000 will meet the requirements: 30 at the price of 1000. One application with price 10 will not meet the requirements, since there is no supply applications with price 10 or less. 2O demand applications with price 1000 (out of 50) won't meet the requirements, since the number of supply applications is limited. Supply application with rice 2000 won't meet any demand.
 
All the offers, left after the first stage are considered. The most cheap go first on account of the most expensive applications at the average price between sellers and customers."" then it goes on to say its not average at all, that the most expensive supply offer gets no sale at all. What the???? This example also shows TONS of demand applications which never happens. Lucky if there is 2-5 on mary for the most popular.  
 
Okay after reading this about 40 times, I am getting this GUESS. Is this how it goes??
Stage 1. Buyer offers 10,000. Seller selling for 12,000. This means no one gets anything. Right???
or - stage 1. Buyer offers 10,000, seller selling for 9,000, so it gets sold for 9,000. Right???
If there are 2 customers 1 offering 5,000 and the other offering 10,000, and 2 sellers, the 1st offering for 6,000 and the 2nd offering for 9,000, the 10,000 guy gets it for 9,000 and the 5,000 guy gets nothing. Is this right??
 
How is anyone supposed to figure this out?
 
Stage 2 seems to be exactly the same as stage one when I read it, but then again stage 1 makes no sense. Stage 2 leaves nothing for the guy with the expensive offer, even though it says the offers are averaged the highest buy going to the lowest ask.
 
This is even worse than the market being ruined by noobs posting for $1,000. 
 

5.06.2010, 22:54

Last time edited : 6.06.2010, 06:14

Mike1
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6.06.2010, 09:09

Honorchamp
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6.06.2010, 09:23

Honorchamp
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6.06.2010, 10:07

VLLord
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6.06.2010, 10:11

warfreak
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6.06.2010, 10:26

Last time edited : 6.06.2010, 10:36

Mike1
Eleven years with Virtonomics
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Основатель г.Парауапебас Thirteen years With Virtonomics Founder of Badagri Founder of Acharnes Coupe du Monde Russia soccer ball Portugal soccer ball Belgium soccer ball
Croatia soccer ball Argentina soccer ball Brazil soccer ball France soccer ball Swedish profile Ingvar Kamprad Order Biology teacher Biology teacher
Biology teacher Biology teacher History teacher Physics teacher Literature teacher Ladybug Jubilee Ten Bronze Ten
Silver Ten Founder of Peristeri Founder of Osogbo Golden hook V sign V sign V sign Double corporate chevron
Mandarin duck For contribution to the development of Virtonomics Founder of the city Jalingo Founder of the city Lafia The tender collider, VII-XV places The tender collider, VII-XV places The tender collider, IV-VI places The tender collider, IV-VI places
The tender collider, IV-VI places The tender collider, IV-VI places The tender collider, II-III places The tender collider, II-III places The tender collider, II-III places The tender collider, II-III places The tender collider, II-III places The tender collider, II-III places
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6.06.2010, 14:45

warfreak
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6.06.2010, 16:24

ccm_tsang
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8.06.2010, 17:07

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Honorchamp
If there are 50 offers of a tech license for only $1,000, and I list mine for $1,000 as well making it 51;
 
1. then a buyer lists for $1,000. Who out of the 51 gets the money??
2. If one guy lists for $2,000, and the buyer offers $2,000, does he get it and everyone else gets nothing?? How is this split amongst the 51 sellers?
3. If the buyer offers $500 and everyone is listed as $1,000 or more, does anyone get anything?
4. are there any situations in #3 where anyone gets anything?
5. what does it mean when the color of your listed price changes to red or blue???
6. does the limit of 30 licenses to sell ever increase? if so, when?
7. It says minimal price, but you can still list under this, what happens if you do?? is there some penalty of some kind? Do you not get any sales? I notice 99% of sellers list under this anyway. What is it for then??
8. Please explain who gets the sales when someone puts up an offer. Sales prices are all over, is it only about the lowest sale price gets the sale? (if so I think the tech license sales system is hugely flawed as noobs just list for 1,000 all the time thus sabotaging the market for everyone.)
9. If you list uncompetitive for $10,000 and a buyer lists only $1,000, does a sale ever happen? When? Does the buyer still have to list higher than $10,000 for a sale to happen?

1. I believe each sale offer is placed into the queue, logic dictates the first player to offer the license for sale will receive the money, then go to the back of the queue. Only after the other 50 people have made a sale will that player get another.
I do not have the ability to test this, it is what I have assumed based on results for the past few months.
 
2. If 1 of the sellers who listed for $1000 selected "without trade", the sale will go to him/her at $1000.
If all sellers selected "with trade", the sale amount will be $1500.
 
3. If all sales offers are higher than buy offers then no sale will take place.
 
4. No, a sale will only happen if a sales offer is at or below the price of a buy offer.
 
5. I haven't spent much time in license sale page recently but I'd guess it is something to do with how your price compares to the "indicitive price".
 
6. When your science research qualification increases. I believe the first increase happens at qualification 10.
 
7. "Minimal price" refers to taxation (a new feature for research). Tax is calculated using your sale price OR " minimal price" whichever is higher.
 
8. Yes, lowest sale price gets the sale. See (7.) for a feature to combat price crashing. If noobs sell everything for 1000 they will pay more in tax than they make on the sale.
 
9. See (3.) & (4.) 
 

8.06.2010, 17:45

Winner of the Contest for Managers in the nomination Raw Material Base Winner of the Contest for Managers in the nomination "Knowledge is power!" Winner of the Contest for Managers in the nomination Consumer Goods Winner of the Contest for Managers in the nomination Trade Turnover Winner of the Contest for Managers in the nomination The Standard of Virtonomics Three years with Virtonomics
Four years with Virtonomics Golden Finnish Lion Golden Finnish Lion MBA diploma
m:
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Honorchamp
- It talks about bids.....what the heck is a bid??? there are no bids in the game. It is not a price bid that is not what they are referring to so what are they talking about? I have offered licenses for sale and bought them and have never seen this anywhere.
 
First stage
""" The most cheap go first at the price of seller on account of the most expensive applications, provided that price is within set my Customer maximum limits. """
- What does this mean?? on account of the most expensive applications???? what the heck does that mean??? What does it mean by "set MY Customer maximum limits"??? None of this makes any sense at all. I am even more confused after reading the wiki.
 
""" The most cheap go first on account of the most expensive applications at the average price between sellers and customers."""
- What does this mean??? again talking about some applications??? What the??? and when it says the most cheap go first, does it mean the sell offer or the buy offer??? it doesn't say. The most cheap what???
 
Second stage
 
All the offers, left after the first stage are considered. The most cheap go first on account of the most expensive applications at the average price between sellers and customers. ((( All the sale offers?? or all the offers to buy??? it doesnt say, if I can maybe get this it seems to say the cheapest sale offer goes to the buyer who offered the most money so its like backwards. If you bid-offer the most, you get it for the least. WIERD. Can this possibly be right somehow? An opposite system? Then it says at the average price so if someone is selling a tech for 100,000 and a buyer bid-offers 200,000 then it sells for 150,000. Is this right? And is this a competitive offer or non competitive???? Again it doesn't say.
 
"" All the offers, left after the first stage are considered. The most cheap go first on account of the most expensive applications at the average price between sellers and customers."" then it goes on to say its not average at all, that the most expensive supply offer gets no sale at all. What the???? This example also shows TONS of demand applications which never happens. Lucky if there is 2-5 on mary for the most popular.
 
Okay after reading this about 40 times, I am getting this GUESS. Is this how it goes??
Stage 1. Buyer offers 10,000. Seller selling for 12,000. This means no one gets anything. Right???
or - stage 1. Buyer offers 10,000, seller selling for 9,000, so it gets sold for 9,000. Right???
If there are 2 customers 1 offering 5,000 and the other offering 10,000, and 2 sellers, the 1st offering for 6,000 and the 2nd offering for 9,000, the 10,000 guy gets it for 9,000 and the 5,000 guy gets nothing. Is this right??
 
How is anyone supposed to figure this out?
 
Stage 2 seems to be exactly the same as stage one when I read it, but then again stage 1 makes no sense. Stage 2 leaves nothing for the guy with the expensive offer, even though it says the offers are averaged the highest buy going to the lowest ask.
 
This is even worse than the market being ruined by noobs posting for $1,000.

Buy/sale offers are also referred to as applications or bids.
 
"Most expensive applications" are the highest buy offers.
"MY Customer maximum limits" are the sales conditions you select when offering the license for sale. Possible translation error, makes more sense if "maximum" is changed to "minimum".
 
The cheapest sale offers are the ones that get sold first.
The most expensive buy offers are the first to get their order.
 
"the cheapest sale offer goes to the buyer who offered the most money. If you bid-offer the most, you get it for the least."
Risk VS reward. You could get it very cheap but if someone else bids slightly more it could end up being very expensive.
 
Stage 2 is "with trade" sales. Sale price is the average of buy offer + sale offer, provided buy offer is higher.
eg, buy - 20,000, sell - 15,000
Sale price is 17,500
 
"Stage 1. Buyer offers 10,000. Seller selling for 12,000. This means no one gets anything. Right???"
Right
 
"or - stage 1. Buyer offers 10,000, seller selling for 9,000, so it gets sold for 9,000. Right???"
Without trade - yes
 
"If there are 2 customers 1 offering 5,000 and the other offering 10,000, and 2 sellers, the 1st offering for 6,000 and the 2nd offering for 9,000, the 10,000 guy gets it for 9,000 and the 5,000 guy gets nothing. Is this right??"
Sale offer of $6,000 goes to the buyer offering $10,000 - price depends with or without trade.
Sale offer left is $9,000, buy offer left is $5,000 - no sale.
 
"How is anyone supposed to figure this out?"
Reading, trying and asking questions.
 
First and second stages are "without trade" then "with trade", third stage is all the uncompetitive offers (average price of all stage 1 and 2 sales).
 
To make big money with tech you NEED a high tech level. Within one or two levels of TOP, even then it is not guaranteed.
To make mediocre money you need to sell techs at a price that buyers will pay, preferably techs that no-one else is selling.
To make any money at all with tech you need patience, the demand for tech on English realms is not huge. 
 

8.06.2010, 18:07

Pyrex
Fourteen years with Virtonomics Winner of the Contest for Managers in the nomination Consumer Goods Winner of the Contest for Managers in the nomination Trade Turnover Winner of the Contest for Managers in the nomination The Standard of Virtonomics
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nice info fractal, +1 
 

8.06.2010, 19:02

Last time edited : 8.06.2010, 19:05

Honorchamp
Winner of the Leaders Contest in the nomination Markets Storm Winner of the Leaders Contest in the nomination The Standard of Virtonomics Winner of the Contest for Managers in the nomination "Knowledge is power!" Winner of the Contest for Managers in the nomination Consumer Goods Winner of the Contest for Managers in the nomination Trade Turnover Winner of the Contest for Managers in the nomination The Standard of Virtonomics
 
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8.06.2010, 19:08

Honorchamp
Winner of the Leaders Contest in the nomination Markets Storm Winner of the Leaders Contest in the nomination The Standard of Virtonomics Winner of the Contest for Managers in the nomination "Knowledge is power!" Winner of the Contest for Managers in the nomination Consumer Goods Winner of the Contest for Managers in the nomination Trade Turnover Winner of the Contest for Managers in the nomination The Standard of Virtonomics
 
Fractal, you should apply to be a mod. You are a fantastic positive help to all and seem fair, unbiased, and you dont get involved in the ugly stuff unlike others. I think you would be a tremendous addition or even replacement for others.
 
Thanks once again for your kind help. It is nice to get that when many times from certain so called leaders here the result of asking for help is to get called names, swore at, and even called a bitch or abused and persecuted in other extreme ways. 
 

List of forums -> Questions and answers. Help.-> How do Tech License sales work???

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