My basic understanding is that there is no 'set dkp price' for specific items. People bid their DKP on items, I guess some guilds have a cap bid.
problems with both:
DKP can promote some seriously lazy leeching. I imagine people showing up to raids and doing just the bare bone minimal to get their dkp then log out.
Loot Council depends on having honest people running it. Otherwise friends and family come first. And unlike dkp you can stack the odds in your favor by never submiting for items until the one item you want is dropped.
Both systems favor the core classes. Tank/Healer/Dps if something drops that can help them, especially the tank,. Then chances are they'll end up getting it somehow.
This is what i've read and gathered online. If i'm wrong let me know.
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