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[Nightmare Mode] Valve on Economics of Pricing, Piracy - Page 2

post #11 of 55
Quote:
Originally Posted by SpuddGunn View Post
Theres no thinking about it, Steam is and always will be DRM. Just because its tarted up changes nothing, its DRM

And it is intrusive, you need it running for anything needing Steam
Not only that but their policies are really annoying for Steam.
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post #12 of 55
Steam is DRM, and it's used against itself when the cracks are flying after a scenerelease. Due to the .dlls and api file.
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post #13 of 55
I personally love steam. It makes organizing my games a breeze, I can chat with friends in game (used to use xfire for this). Everytime I reinstall windows I no longer need to use stacks of CD's to reinstall all the games. On top of that you will almost NEVER find cheaper prices than steam sales. I buy almost all my steam games on sale and have saved thousands. Some may find steam a hassle (?) but I find it enhances my gaming experience. Maybe because I'm a social gamer who enjoys playing with friends...? Maybe the people who hate steam with such a passion just don't have friends or play games with them.

Also GFWL needs to go die in a ditch somewhere asap.
 
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post #14 of 55
Quote:
Originally Posted by dave12 View Post
Why? This smells like an application of marginal utility on the consumer side accounting for monetary concerns, as well as, satisfaction of wants and game theory on the producer side weighing the gain of least intrusive DRM sales vs highly intrusive lost sales and no DRM rampant piracy. Assuming proper and safe support is worth the low intrusion, high intrusion causes lost sales and consumer dissatisfaction. All standard stuffs.
Ignoring the DRM, economists love real-time monitoring of the spending habits of a large population after price adjustments. How many Valve consumers think of DRM during sales? What impact is DRM on sales?

A 75% price reduction leading to a 4,000% increase in sales. Based on a few parameters like number of users who don't own a game, price, game ratings, prior sales numbers, etc.... Valve can begin to better price sales to maximize revenue.
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post #15 of 55
I love companies that think DRM will help them. (Valve included, since it has ben repeatedly observed here that Steam = DRM) DRM is programming. If it can be programmed, it can be cracked. Why bother spending the extra money to program it?
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post #16 of 55
Quote:
Originally Posted by DuckieHo View Post
A 75% price reduction leading to a 4,000% increase in sales.
If anything, this merely illustrates that video games are highly elastic goods. And yes, I do happen to be doing homework on that exact economic phenomenon at this moment.
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post #17 of 55
Quote:
Originally Posted by Panther Modern View Post
If anything, this merely illustrates that video games are highly elastic goods. And yes, I do happen to be doing homework on that exact economic phenomenon at this moment.
Yup, but Valve can better plot the elasticity with additional data points.


Hmmmm.... Valve could run a sale where they change the discount rate (up or down) every hour. It would be interesting experiment.
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post #18 of 55
Quote:
Originally Posted by DuckieHo View Post
Yup, but Valve can better plot the elasticity with additional data points.


Hmmmm.... Valve could run a sale where they change the discount rate (up or down) every hour. It would be interesting experiment.
I agree - having the sort of data that Valve has is a HUGE advantage when it comes to price points on game. If they see that 40% of their userbase already owns game XYZ, then it may pay off well to do a 75% discount on the game to try and grab as much of the 60% of non-owners as possible.

Duckie - even more interesting would be an experiment where the price directly correlates to the supply and demand of a game.

For every minute where the game is not purchased, the price is reduced by $0.01. For every game purchase, the price is increased by $0.01.

I'd love to see what sort of price path it takes for a newly-released steam exclusive!
post #19 of 55
Quote:
Originally Posted by DuckieHo View Post
Yup, but Valve can better plot the elasticity with additional data points.


Hmmmm.... Valve could run a sale where they change the discount rate (up or down) every hour. It would be interesting experiment.
Lol, that would be silly. That's exactly what economists try to avoid..

However, it would be great for laughs, with all the confusion and crazy price spikes.
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post #20 of 55
I'm glad Steam as placed price as number one in this article, but they need to practice it on Steam. Many people say customer service rules which is true, but only people with resources that can choose to buy expensive or non-expensive products. A person with limited funds isn't as concerned with service, the company with the lowest price gets their business and this group usually has the pirate community within it.

If they follow through with this and offer more than just a 10% or no discount on new releases, I would buy more from them. Coupon codes would be welcomed. It's not fun waiting months for a game to reach your preferred buying price. 15-20% off retail can convince more people to buy now, than to wait until the end of the year sale. BF3 have been on sale left and right, from 10-30% off depending on where you bought it from. A big reason why sales BF3's numbers will be through the roof.
Edited by WorldExclusive - 10/24/11 at 1:57pm
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