Bourse - Revision history

Matt: Matt moved page Imperial Bourse to Bourse without leaving a redirect

2026-01-16T16:08:24Z

Matt moved page Imperial Bourse to Bourse without leaving a redirect

← Older revision	Revision as of 17:08, 16 January 2026
(No difference)

Hailmur at 04:41, 20 August 2024

2024-08-20T04:41:06Z

← Older revision		Revision as of 05:41, 20 August 2024
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	==Role within the Empire==		==Role within the Empire==
	The Bourse is intended to raise money for the Imperial treasury and ensure that [[ilium]], [[mithril]], [[weirwood]] and [[white granite]] are directed to where they can provide the most economic benefit, rather than being assigned by political or military patronage.		The Bourse is intended to raise money for the Imperial treasury and ensure that [[ilium]], [[mithril]], [[weirwood]] and [[white granite]] are directed to where they can provide the most economic benefit, rather than being assigned by political or military patronage.
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	Merchants bid for Imperial positions on the Bourse and those that are successful gain control of one of the Bourse positions and the production that comes with it. It is then left to them to sell these resources at whatever price they can. Although there are frequent accusations of profiteering, when the market functions as intended it ensures that significant sums of money are paid through the Bourse into the Imperial treasury for use by the Empire.		Merchants bid for Imperial positions on the Bourse and those that are successful gain control of one of the Bourse positions and the production that comes with it. It is then left to them to sell these resources at whatever price they can. Although there are frequent accusations of profiteering, when the market functions as intended it ensures that significant sums of money are paid through the Bourse into the Imperial treasury for use by the Empire.

Emmanovi: /* Role within the Empire */ sp

2023-08-16T20:46:55Z

Role within the Empire: sp

← Older revision		Revision as of 21:46, 16 August 2023
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	In addition to the auction of Imperial Bourse positions there are a number of national positions which are voted on by key members of each nation. The expectation is that the citizens that are elected to control these bourse positions will use the resources they generate for the benefit of their nation.		In addition to the auction of Imperial Bourse positions there are a number of national positions which are voted on by key members of each nation. The expectation is that the citizens that are elected to control these bourse positions will use the resources they generate for the benefit of their nation.

	The Bourse often attracts a great deal of opprobrium, some aimed at the alleged greed of title holders, some at the perceived dysfunction of the arrangements. Despite this, or perhaps because of it, the Bourse is ~~constitutional~~ protected from interference by the Imperial Synod.		The Bourse often attracts a great deal of opprobrium, some aimed at the alleged greed of title holders, some at the perceived dysfunction of the arrangements. Despite this, or perhaps because of it, the Bourse is constitutionally protected from interference by the Imperial Synod.

	==History==		==History==

Hailmur: /* Participation */

2023-08-09T13:51:25Z

Participation

← Older revision		Revision as of 14:51, 9 August 2023
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	==Participation==		==Participation==
	Although there are no formal sessions of the Imperial Bourse - the Auction of the Seats is run by the Bourse at each summit. During the auction, all vacant Imperial Bourse titles are sold to the highest bidder by an [[Agent of the Bourse]], usually the Imperial Auctioneer. The Auction is [[event schedule\|scheduled]] for Saturday afternoon, and usually begins at ~~3pm~~ in the Senate building. Titles are settled using [https://en.wikipedia.org/wiki/Auction#Price_development_by_bidders_only\|an open ascending price auction]. Any Imperial citizen with the money to invest is able to participate in the auction, but the winner must pay the winning bid immediately when the auction concludes, otherwise the title is offered to the next highest bidder. The winning bidder does not need to take the title themselves, it is acceptable for a citizen to employ a proxy to bid on their behalf.		Although there are no formal sessions of the Imperial Bourse - the Auction of the Seats is run by the Bourse at each summit. During the auction, all vacant Imperial Bourse titles are sold to the highest bidder by an [[Agent of the Bourse]], usually the Imperial Auctioneer. The Auction is [[event schedule\|scheduled]] for Saturday afternoon, and usually begins at 2pm in the Senate building. Titles are settled using [https://en.wikipedia.org/wiki/Auction#Price_development_by_bidders_only\|an open ascending price auction]. Any Imperial citizen with the money to invest is able to participate in the auction, but the winner must pay the winning bid immediately when the auction concludes, otherwise the title is offered to the next highest bidder. The winning bidder does not need to take the title themselves, it is acceptable for a citizen to employ a proxy to bid on their behalf.

	In addition to the Auction of the Seats, citizens who own appropriate resources are entitled to vote for any national Bourse positions that are vacant at that summit. Voting opens on Saturday morning of the summit and concludes shortly after the public auction is complete.		In addition to the Auction of the Seats, citizens who own appropriate resources are entitled to vote for any national Bourse positions that are vacant at that summit. Voting opens on Saturday morning of the summit and concludes shortly after the public auction is complete.

Rafferty: /* Participation */

2022-02-24T16:22:49Z

Participation

← Older revision		Revision as of 17:22, 24 February 2022
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	In addition to the Auction of the Seats, citizens who own appropriate resources are entitled to vote for any national Bourse positions that are vacant at that summit. Voting opens on Saturday morning of the summit and concludes shortly after the public auction is complete.		In addition to the Auction of the Seats, citizens who own appropriate resources are entitled to vote for any national Bourse positions that are vacant at that summit. Voting opens on Saturday morning of the summit and concludes shortly after the public auction is complete.
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	Although not formally one of the powers of the Bourse, the [[public auction]] is operated by an [[Agent of the Bourse]]. The auction is open to all and supplies of herbs, mana crystals, resources, minor magical items and small lots of weirwood, mithril and white granite are auctioned to the highest bidder. It is relatively rare, but not unknown for more valuable items like Ilium, true liao or powerful items to appear in the public auction. Details of the lots are posted in the Bourse one hour before the auction begins.		Although not formally one of the powers of the Bourse, the [[public auction]] is operated by an [[Agent of the Bourse]]. The auction is open to all and supplies of herbs, mana crystals, resources, minor magical items and small lots of weirwood, mithril and white granite are auctioned to the highest bidder. It is relatively rare, but not unknown for more valuable items like Ilium, true liao or powerful items to appear in the public auction. Details of the lots are posted in the Bourse one hour before the auction begins. -->

	{{Bourse Further Reading}}		{{Bourse Further Reading}}

Matt: /* Sessions */

2020-05-31T11:18:35Z

Sessions

← Older revision		Revision as of 12:18, 31 May 2020
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	==Sessions==		==Sessions==
	Of the five houses of Imperial government, the Bourse is unique in that it has ~~neither~~ formal sessions where members meet to discuss business ~~nor any means to vote on matters~~. According to the historical records, this is absolutely by design - Emperor Giovanni was adamant that it was not in the interests of the Empire that members of the Bourse should meet and settle arrangements between them. The Bourse is intended to pit members against each other for the benefit of the Empire, not to encourage cooperation.		Of the five houses of Imperial government, the Bourse is unique in that it has no means to vote on matters. Because of this there are no formal sessions where members meet to discuss business. According to the historical records, this is absolutely by design - Emperor Giovanni was adamant that it was not in the interests of the Empire that members of the Bourse should meet and settle arrangements between them. The Bourse is intended to pit members against each other for the benefit of the Empire, not to encourage cooperation.

	Despite this there have been informal meetings of Bourse seat holders have been arranged at different periods during the Empire's history. Some of these meetings have been one-off affairs to address specific issues, at other times members have arranged regular meetings to hold votes or issue announcements. However these periods of cooperation have rarely lasted long, usually only as long as the interests members have aligned.		Despite this there have been informal meetings of Bourse seat holders have been arranged at different periods during the Empire's history. Some of these meetings have been one-off affairs to address specific issues, at other times members have arranged regular meetings to hold votes or issue announcements. However these periods of cooperation have rarely lasted long, usually only as long as the interests members have aligned.

Matt: /* Sessions */

2020-05-31T11:17:30Z

Sessions

← Older revision		Revision as of 12:17, 31 May 2020
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	==Sessions==		==Sessions==
	Of the five houses of Imperial government, the Bourse is unique in that it ~~does not have any~~ formal sessions where members meet to discuss business or to vote on matters. According to the historical records, this is absolutely by design - Emperor Giovanni was adamant that it was not in the interests of the Empire that members of the Bourse should meet and settle arrangements between them. The Bourse is intended to pit members against each other for the benefit of the Empire, not to encourage cooperation.		Of the five houses of Imperial government, the Bourse is unique in that it has neither formal sessions where members meet to discuss business nor any means to vote on matters. According to the historical records, this is absolutely by design - Emperor Giovanni was adamant that it was not in the interests of the Empire that members of the Bourse should meet and settle arrangements between them. The Bourse is intended to pit members against each other for the benefit of the Empire, not to encourage cooperation.

	Despite this there have been informal meetings of Bourse seat holders have been arranged at different periods during the Empire's history. Some of these meetings have been one-off affairs to address specific issues, at other times members have arranged regular meetings to hold votes or issue announcements. However these periods of cooperation have rarely lasted long, usually only as long as the interests members have aligned.		Despite this there have been informal meetings of Bourse seat holders have been arranged at different periods during the Empire's history. Some of these meetings have been one-off affairs to address specific issues, at other times members have arranged regular meetings to hold votes or issue announcements. However these periods of cooperation have rarely lasted long, usually only as long as the interests members have aligned.

Matt at 14:03, 9 May 2020

2020-05-09T14:03:46Z

← Older revision		Revision as of 15:03, 9 May 2020
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	{{Bourse Further Reading}}		{{Bourse Further Reading}}

	~~[[Category:Bourse]]~~
	~~[[Category:The Empire]]~~

Matt at 14:01, 9 May 2020

2020-05-09T14:01:16Z

Show changes

Matt at 13:58, 9 May 2020

2020-05-09T13:58:00Z

← Older revision		Revision as of 14:58, 9 May 2020
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	==Participation==		==Participation==
	Although there are no formal sessions of the Imperial Bourse - ~~there~~ is ~~a public auction held~~ at each summit ~~where~~ all vacant Imperial Bourse titles are sold to the highest bidder. The ~~auction~~ is [[event schedule\|scheduled]] for Saturday afternoon, and usually begins at 3pm in the Senate building. Titles are settled using [https://en.wikipedia.org/wiki/Auction#Price_development_by_bidders_only\|an open ascending price auction]. Any Imperial citizen with the money to invest is able to participate in the auction, but the winner must pay the winning bid immediately when the auction concludes, otherwise the title is offered to the next highest bidder. The winning bidder does not need to take the title themselves, it is acceptable for a citizen to employ a proxy to bid on their behalf.		Although there are no formal sessions of the Imperial Bourse - the Auction of the Seats is run by the Bourse at each summit. During the auction, all vacant Imperial Bourse titles are sold to the highest bidder by an [[Agent of the Bourse]], usually the Imperial Auctioneer. The Auction is [[event schedule\|scheduled]] for Saturday afternoon, and usually begins at 3pm in the Senate building. Titles are settled using [https://en.wikipedia.org/wiki/Auction#Price_development_by_bidders_only\|an open ascending price auction]. Any Imperial citizen with the money to invest is able to participate in the auction, but the winner must pay the winning bid immediately when the auction concludes, otherwise the title is offered to the next highest bidder. The winning bidder does not need to take the title themselves, it is acceptable for a citizen to employ a proxy to bid on their behalf.

	In addition to the ~~public auction~~ of ~~Imperial Bourse titles~~, citizens who own appropriate resources are entitled to ~~allocate their votes~~ for any national Bourse positions that are vacant at that summit. Voting opens on Saturday morning of the summit and concludes shortly after the public auction is complete.		In addition to the Auction of the Seats, citizens who own appropriate resources are entitled to vote for any national Bourse positions that are vacant at that summit. Voting opens on Saturday morning of the summit and concludes shortly after the public auction is complete.

	Although not formally one of the powers of the Bourse, the public auction ~~takes place in the Bourse and~~ is operated by ~~the civil servants who run~~ the Bourse. The auction is open to all and supplies of herbs, mana crystals, resources, minor magical items and small lots of weirwood, mithril and white granite are auctioned to the highest bidder. It is relatively rare, but not unknown for more valuable items like Ilium, true liao or powerful items to appear in the public auction. Details of the lots are posted in the Bourse one hour before the auction begins.		Although not formally one of the powers of the Bourse, the [[public auction]] is operated by an [[Agent of the Bourse]]. The auction is open to all and supplies of herbs, mana crystals, resources, minor magical items and small lots of weirwood, mithril and white granite are auctioned to the highest bidder. It is relatively rare, but not unknown for more valuable items like Ilium, true liao or powerful items to appear in the public auction. Details of the lots are posted in the Bourse one hour before the auction begins.

	~~===Auction of Appointments===~~
	Over the years the Bourse has helped to create various minor Imperial positions and officers to help the Empire function. Individuals are appointed to these positions by auction - Bourse members commit funds in support of their preferred candidate. The candidate that receives the most support is appointed - and all bids by their supporters become the property of the state.

	==Imperial and National Bourse Positions==		==Imperial and National Bourse Positions==