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Annotated Games: 4 players, version 0.4This test game continues from Version 0.3. Fifth game roundPhase 3, Stock roundPlayer 4 has the priority deal and buys 1 Green Cargo share for 90 Mkr. Player 1 adds to the competition on the board by starting Blå Tåget with a par price of 100 Mkr and takes the President certificate for 200 Mkr. Player 2 and 3 have more confidence in Green Cargo while Player 4, expecting more bidding for line contracts, switches to buying 1 Banverket share for 65 Mkr. Player 1 buys a 2nd Blå Tåget share and player 2 buys the last Green Cargo share. Player 3 follows player 4's example and buys 1 Banverket share. Player 4 starts buying Blå Tåget shares and Player 1 buys 1 SJ share after which player 2 and 3 buy the last Banverket shares. Player 4 buys a 2nd Blå Tåget share, after which player 1 has to pass. Player 2, 3 and 4 buy Blå Tåget shares to float the company and after yet a pass by player 1, player 2 buys the last Veolia share. Player 3 can only afford an SJ share, after which all players pass and player 4 keeps the priority deal. The shares for Arriva, Veolia, Green Cargo and Banverket are sold out so the stock prices increase. Player assets
Company assets
Bank
Phase 3, Operating round 1Player 1 again collects 35 Mkr from Connex and 50 Mkr from A-Train. while player 2 collects 55 Mkr from Svedab. Player 3 collects 25 Mkr from BK Tåg and player 4 collects 25 Mkr from TÅGAB and 50 Mkr from Malmbanan. Veolia runs Stockholm-Norrköping-Linköping-Nässjö-Hässleholm-Malmö as before (70+20+40+20+20+50) and still with no contacts to cover the fee of 40 Mkr. The revenue of 180 Mkr is paid as dividends, increasing the share value to 142. Veolia also surprises the other players by buying the two last 3-trains. Green Cargo and the newly floated Blå Tåget share the same stock grid box (value 100) but Blå Tåget moved there first and operates before Green Cargo. The president, player 1, now executes their plan and buy the two first 4-trains, triggering the start of phase 4 and the discard of all 2-trains. Blå Tåget also adds 40 Mkr to the lobby board. Green Cargo loses one 2-train and, unable to operate all its lines, returns the Mittbanan contract and loses the bid of 20 Mkr. With its remaining two 3-trains, it manages to operate Narvik-Gällivare-Östersund and Gällivare-Boden-Luleå-Umeå, earning 30+40+30+20+40 for Botniabanan and 40+40 for Inlandsbanan plus another 30 Mkr for the 6 cities <50. Less the operating fees of 20 Mkr and 10 Mkr (of which 20 Mkr are paid from Contacts), they still manage to pay 260 Mkr in dividends and buy a 4-train but chooses not to add any money to the lobby board. The share value increases to 112. Arriva is less fortunate with only one 3-train left so they decide to return both Mälarbanan and Västra stambanan and focus on Västkustbanan. The company gets 140 Mkr and cover the contract fee with 30 Mkr of the 40 Mkr in Contacts. No money is added to the lobby board, nor are any dividends paid, so the share price goes back to 82. SJ has 85 Mkr in the Treasury and a revenue of 110 Mkr. Add to this 0+25+20 for the returned contracts Mittbanan, Mälarbanan and Västra stambanan and they manage to pay dividends of 240 Mkr, increasing the share value to 65. Banverket has 75 Mkr in Treasury and gets 40+40+30+20+40 Mkr from line contract fees and another 20+40+40 Mkr from SJ's line contracts. The cost is 85 Mkr, leaving 190 Mkr for dividends. The share value increases to 71. No private companies want to lobby due to the upcoming auctions so Banverket and SJ start closing Sydostlänken by closing the tracks Västervik-Kalmar-Karlshamn. This decreases Banverket's cost with 10 Mkr (2 closed tracks) and increases SJ's revenue with 5 Mkr (the 10-city Kalmar disconnnected). Finally, since a new phase has started, all line contracts are auctioned. The private companies continue their non-competitive bidding agreement and get their contracts for the minimum bid. Blå Tåget takes over Mälarbanan and Västra stambanan and Green Cargo takes back Mittbanan while Veolia keeps Södra stambanan and Arriva Västkustbanan. Changed cities and tracks
Company assets
Bank
This "stress test" showed a slight imbalance as the the higher risk of the private companies didn't quite pay off compared to the lower risk of the state companies. The main reason was the bank pool dividends. While the private companies keep the money within the company, the state companies pay them as dividends the next round. Thus, the fewer the shareholders, the better the dividends. This could be considered a feature as this "prisoners' dilemma" mechanic will make it bad for all players to keep their state shares and dilute the dividends. On the other hand, it didn't make sense that a single shareholder would be better off with one share than all ten shares. Since the spreadsheet showed that the state companies had a reasonable revenue progress, a new game test where the bank pool dividends were kept by the Bank was started. |
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