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However, what's not taken into effect here, is that John is also missing out on the opportunity cost of selling said packs - another $13.10 per entrant - So now we have $1300 dollars that John misses out on there.Suddenly that $150 he gave up starts looking pretty good - additionally we don't know if John is taking on any other costs.
Quote from: Red Dragon Thorn on June 27, 2010, 02:22:20 PMHowever, what's not taken into effect here, is that John is also missing out on the opportunity cost of selling said packs - another $13.10 per entrant - So now we have $1300 dollars that John misses out on there.Suddenly that $150 he gave up starts looking pretty good - additionally we don't know if John is taking on any other costs. Sounds like someone has been paying attention in Economics class. You are making all social studies teachers everywere beam with pride!
When it was $75 was back before the prize pack change correct?
How much did the packs change, and what would be the equivalent value in dollars today?
What if the Regional hosts offered to pay this bonus themselves--or agreed to split the difference with Cactus/the folks putting on Nationals?
QuoteWhat if the Regional hosts offered to pay this bonus themselves--or agreed to split the difference with Cactus/the folks putting on Nationals?Why would a regionals host give money to whoever won? I am not seeing your point.
I lost $5,000 hosting the tournament, due largely to a problem with the contract I signed with the hotel, but two things to take away from that is that a). even if the contract had been done right, they still would have offered me a rate above what I took in for the weekend and b). if a person can host at a church willing to lend the space, that's a huge boon, but the cost to rent any space - including a church but especially a hotel ballroom - is a huge undertaking by the host.
Why would the Nationals host let regional winners in for free?
Both the Region and Nationals benefit by having the regional winners in attendance--Nationals by bumping the competition level and the Region by having their best players in attendance as representatives. There is also the factor of rewarding players for having played well, which I would think Regional hosts would have as much interest in doing as would the Nationals host.
That is very sad, but that is nothing normal at all compared to previous nationals.
In some ways my tournament was typical of the ones that came before it, and in other ways it was significantly different. So I don't have absolute certainty about how helpful this data will be but I thought I would offer it and let it be digested for whatever its worth by smarter economic minds than mine.
It seems to me that an easier way to do this would be for all Regionals to give prizes in Redemption Cash. Then have the Nationals host accept Redemption Cash from Regional winners to cover tournament fees. The Regional winners will then be able to play without paying any money. And the National host will be able to use the Redemption Cash to cover future tournaments that they host, so it will be the same as money to them.What do you guys think?
QuoteWhy would the Nationals host let regional winners in for free?Because...QuoteBoth the Region and Nationals benefit by having the regional winners in attendance--Nationals by bumping the competition level and the Region by having their best players in attendance as representatives. There is also the factor of rewarding players for having played well, which I would think Regional hosts would have as much interest in doing as would the Nationals host.
Not to be a wet blanket, but requiring hosts to accept Redemption Cash for tournament fees is not a viable idea. You may as well say they have to allow the players to attend free in terms of having the hosts cover the costs of hosting.