Recently noticed prices on Market CE going up (5k to 6k is ever so slightly noticeable).
My question is for people a bit more adept at economics, does the market in this game stabilize out or does it go through periodic crash and rise cycles?
I know for a fact that CE prices will not go above a certain threshold (its market economics, that's why the Stock Market Crash occurred), but I'm also asking how the market equilibrium between buyers and sellers play out in this game.
I'm thinking there will be only two results, a crash where CE prices will drop fairly quickly, or a stable period where market prices very marginally rise and fall.
TL;DR: Does the CE market go periodically crash after buyers get too ambitious, or does it reach equilibrium for periods at a time, in which case the equilibrium is only affected by promotional events and the like?
I think it already has leveled out. The CE price levels out rather quickly IMO. What causes it to rise and fall is the updates.
Stuff like the Featured Auction dropped the CE price a few hundred because the late game people would sell a ton of their CE to buy the extremely rare and expensive items for sale.
On the other hand, stuff like the Elevator Pass made the CE price rise due to people being able to farm more crowns for longer periods of time.