Local Trade Income?

[JimboOmega]

I was playing HTTT this morning and I got an offer to trade all my goods through the CoT of a merchant league. Fair enough, but it offered two modifiers - local production income +66% (which I understand) and local trade income -33% (which I don't).

What would that affect? Obscure stuff like tolls?

 

[Doomdark]

Simply put, it means you get a higher income in those provinces, but the value that the goods contributes to the CoT is 33% less than normal.

 

[Urza]

I think local trade income is a modifier to the effective price of the good produced in the province, so since both the contribution of the province to the CoT and the production income from the province are proportional to the price, -33% local trade income lowers both production income from that province by 33% and contribution to the value of the CoT the province trades through by 33%.

So in total, the production income is modified by 0.66*1.66, meaning an increase of about 10% in return for the CoT value reduction (I think).

 

[Brucesim2003]

On a related topic, I'm having probs with the land reform decision. I can pass it for one province, but then it dissapears from all the others. Playing as England, I can no longer pass it in any other core province, but I can in annexed, non-core Scotland. Bug or WAD?

Cheers


Bruce

 

[Grosshaus]

Not really a related topic, but land reform decision needs to magistrates and can only be done on provinces where you have national focus or are bordering it.

 

[JimboOmega]

I think local trade income is a modifier to the effective price of the good produced in the province, so since both the contribution of the province to the CoT and the production income from the province are proportional to the price, -33% local trade income lowers both production income from that province by 33% and contribution to the value of the CoT the province trades through by 33%.

So in total, the production income is modified by 0.66*1.66, meaning an increase of about 10% in return for the CoT value reduction (I think).

However - modifiers tend to add to each other, rather than multiply. For instance if your initial production efficiency is 50%, you get (.5+.66)*.66(for trade income loss) for a total of .75 (vs .5 before), meaning your production income is up almost 50% from before. The value of this declines throughout the game. At production efficiency 150%, (1.5+.66)*.66) = 1.42, a net reduction in income. (vs 1.5 before)

Are you sure the -33% effects the value of the good in the province as well as at the CoT?

 

[I am.]

As an economist, I will try to explain
As the market for the goods is secured with international agreements, it is logical for the production to increase...
And on the other side, when there is no competition (goods have to go to one market), then the buyer dictates the price, which results in a lower trade income...
Somewhere along those lines, the increased production will probably make up for the lost in trade income, and there should be some extra (higher production increase than trade decrease) as an incentive for you to actually take the deal...
there

 

[Urza]

@JimboOmega: No, I'm not completely sure. For modifiers to the same variable, usually the sum of all modifiers is taken and then applied to the base value of the variable. But if it is true that local trade income modifier influences the effective price of the good and local production income directly influences the income, then they would be multiplied instead of added and the resulting +10% production income would be true (if there are no other modifiers to price or income). And I think this should be the case here. But again, I'm basing this on IN and I'm not completely sure what local trade income modifier does (my knowledge is based on the wiki and not on actual tests), so if you want to be sure, just try it out and compare resulting income values

 

[JimboOmega]

@JimboOmega: No, I'm not completely sure. For modifiers to the same variable, usually the sum of all modifiers is taken and then applied to the base value of the variable. But if it is true that local trade income modifier influences the effective price of the good and local production income directly influences the income, then they would be multiplied instead of added and the resulting +10% production income would be true (if there are no other modifiers to price or income). And I think this should be the case here. But again, I'm basing this on IN and I'm not completely sure what local trade income modifier does (my knowledge is based on the wiki and not on actual tests), so if you want to be sure, just try it out and compare resulting income values

Having looked at it - I think you are correct. I don't see any sign my production *efficiency* is increased 66%.

 

[Pjoo]

Cumulative 66% increase to production income. If you have 10% production without other modifiers, you would get 16,6%. Local trade income only seems to affect local trade value, not actually quantity or value of unit, so seems like it only increases production income of the said province by 66%, while "punishing" the one who asked for those trade rights.