# One infrastructure, two markets — The Steam Dossier

> How one Steam infrastructure produces two markets: the capped Community Market and the off-Steam venues where above-cap items trade.

Canonical: https://phishdestroy.io/steam_dossier/market_economics
Language: en
Publisher: PhishDestroy
Author: PhishDestroy Team

This file describes the published investigation page. The full text preserves its arguments, figures, tables, qualifications and source links. Cite the canonical page and the relevant section.

## Reading

- [Published page](https://phishdestroy.io/steam_dossier/market_economics)
- [Complete Markdown](https://phishdestroy.io/steam_dossier/market_economics.html.md)
- [Complete plain-text version](https://phishdestroy.io/steam_dossier/market_economics/llms-full.txt)
- [Investigation index](https://phishdestroy.io/steam_dossier/llms.txt)

## Sections

- [The advertised fee is 15%. Most listings pay more.](https://phishdestroy.io/steam_dossier/market_economics#fee)
- [Fee charged, as a share of the headline 15%](https://phishdestroy.io/steam_dossier/market_economics#fee)
- [A worked example](https://phishdestroy.io/steam_dossier/market_economics#fee)
- [Buying on Steam costs more. Almost always.](https://phishdestroy.io/steam_dossier/market_economics#premium)
- [Median Steam premium, by price band](https://phishdestroy.io/steam_dossier/market_economics#premium)
- [Why the expensive end matters](https://phishdestroy.io/steam_dossier/market_economics#premium)
- [$128.1 million committed to orders that cannot be withdrawn.](https://phishdestroy.io/steam_dossier/market_economics#locked)
- [$30.9 million actually changed hands — on the smallest of the five shelves.](https://phishdestroy.io/steam_dossier/market_economics#realised)
- [Where the turnover came from](https://phishdestroy.io/steam_dossier/market_economics#realised)
- [Above Valve's cap, sales still happen](https://phishdestroy.io/steam_dossier/market_economics#realised)

## Evidence and downloads

- [cs2sh-steam-fee-census.json →](https://phishdestroy.io/steam_dossier/steam_tos_assets/cs2sh-steam-fee-census.json)
- [cs2sh-walled-garden-premium.json →](https://phishdestroy.io/steam_dossier/steam_tos_assets/cs2sh-walled-garden-premium.json)
- [cs2sh-steam-locked-capital.json →](https://phishdestroy.io/steam_dossier/steam_tos_assets/cs2sh-steam-locked-capital.json)
- [cs2sh-offsteam-90d-dynamics.json →](https://phishdestroy.io/steam_dossier/steam_tos_assets/cs2sh-offsteam-90d-dynamics.json)