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The economic analysis of Diablo 3 auction house’s market value

First, clear the trading environment of Diablo Ⅲ. Diablo Ⅲ trading environment can be said to be made up of three parallel organization, coin auction, cash auction, player and NPC transactions within the game. Gold trading and cash transaction lines can be viewed as trading price is not determined by the supply and demand sides’ full market economy, game vendor involved in the transaction, nor does it affect the pricing of commodities. However it is worth mentioning that, NPC transactions within the game can be seen as with Blizzard to oligarch monopoly economy, because it has decided to price right. This makes, though Blizzard does not directly participate in the auction house transactions, but indirectly through the NPC transaction pricing market, it will indirectly affect the auction house price of some goods diablo Ⅲ gold, which we later.

 
In the Diablo Ⅲ, are two of the most important gold coins and material resources of the most sought, in the market can be classified as low-value consumables, similar to the fuel and rice Chief daily necessities of daily necessaries of life tea. This product is characterized by elasticity of demand of small; price is not as dramatic changes in supply and demand. As might have been is--whether it is bad or is good-the equipment from one of the most important ways, a lot of rigid requirements to ensure the long-term stability of prices, so not like Huma Jazz students put it, sharp devaluation as the expansion of land clearing. 
 
Another crucial factor is the exchange rate between coins and materials. This is likely to be a second only to "cash--coin" important exchange rate exchange rate. We already know that cannot be a long-term risk-free arbitrage between the parallel market  buy diablo Ⅲ gold, the long-term stability of the exchange rate between the cash and coins. Exchange rate between gold and materials in gold coin auction house and cash auction will be consistent, or carry. 
 
Decision of the exchange rate, we can see that the market value of the coin and material transactions, so coins relative excess relative surplus of players player and material resources so as to achieve a win-win situation. Therefore, exchange rates will greatly depend on two aspects: first, the player may hit the gold coins and ratio of material, such as each to play for an hour, average output is intended for creating k-gold coins and 1 copy of the material. Second, the Player configuration unit weapons demand for gold coins and material of the ratio of the mean, such as refining equipment spending m total coins and 1 copy of the material. For each player, personally  cheap diablo Ⅲ gold, need the type of equipment, type of needed materials, and many other factors are very different, but from the entire system can be stable, these data also has statistical significance.

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