Valve on Steam Trade-Ins

An interview with Valve's Gabe Newell on Eurogamer talks with the Valve boss about a variety of topics, such as Counter-Strike: Global Offensive and the future of the company. An item of particular interest, as noted by GameSpot, is his answer to whether he foresees ever allowing gamers to trade-in used games on Steam. Here's his response:
We need to hire an economist, because we keep bumping up into these issues. You're starting to look at weird issues like currency and inflation and productivity and asset values and liquidity of asset categories. We just wish we were smarter about this stuff. We're reading frantically. We're brushing up, and all we're doing is convincing ourselves that we're more stupid. Half the time people are saying, oh, well, illiquid assets inherently have a penalty, so this argues for trade-ability, that we're essentially becoming a Russian currency model in the 1970s. Everybody races off to try to read papers on the implications of that.

We think we want to move in the direction where everything is an item of exchange. We just aren't totally sure how to do that right. We're sure there are economists out there who understand this really well. We feel like we're this third-world developing country. We've discovered rocks! And we've discovered sticks! And there's this other thing out there and we should move our economy in that direction. There must be somebody at the World Bank who can tell us what we ought to be doing. We just don't know what that is yet.
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24.
 
Re: Valve on Steam Trade-Ins
Aug 27, 2011, 11:29
24.
Re: Valve on Steam Trade-Ins Aug 27, 2011, 11:29
Aug 27, 2011, 11:29
 
I wouldn't mind be able to trade in old games for store credit.

Sadly I'd probably just spend it in the Mann Co. store.

Any decent accountant can look at a sales trend graph and see how much to depreciate a piece of software. The "we need an economist" argument is silly. I can understand what Gabe is worried about though. Software never wears out. It gets more unpopular as time goes by, but they've already got that covered with their "deep discount" sales.

Valve might allow exchange eventually. It probably won't be that great of a deal, but if you've got a few crap games and can turn it into a half-off discount for a decent one then it's still better than nothing.

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