The Internet has caused a revolution in trading. Especially cheap items are now easy to buy and sell on the Internet. As a consequence, sellers nowadays offer a wide range of products on the web, creating an abundance of choice for consumers. Consumers have the opportunity to browse on different...

This paper examines the role of policies in different grid environments. A Grid technology becomes standardized and stable, various business models are envented and increasingly applied, and economic implications can be observed.Asymmetrically distributed information may allow for opportunistic...