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Originally Posted by FloridaFringe
The players are in control and logic has nothing to do with it. If someone wants to overcharge for an item then simply don't buy it. They will eventually lower the price.
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Exactly. This reminds me of situation that happened to me while at Lion's Arch. I wanted to buy a shocking bow string and some trader offered to sell it to me. I asked him "for how much?" and he replied "1.5K". I knew right off the bat that bow strings of this type (fiery, icy, ebon, shocking) do not cost this much. Only morons would buy it for this much. I thought to myself this bastard is trying to rip me off. I replied back to him "this is ridiculous, I thought bow strings go for around 400-700g. A bow string should not cost more than 700 at most". He said "you thought wrong my friend". So I left, and went on to do some quests. About an hour later I came back to Lion's Arch and I saw him now offering the shocking bow string for 500g. And I said to myself "what an SOB!".
Yesterday I saw a funny thing at Ascalon City. There was this guy actually enforcer traders to offer reasonable selling prices of their items. He was actually monitoring the traders to see if they are offering overpriced items that shouldn't cost more than what they are really worth. And if someone was overcharging an item, he would announce it in the chat channel in all caps, LOL. It was pretty hilarious.