Abstract
The Internet of Products aims to improve the discoverability of product information across lingual and cultural boundaries. This chapter lays the fundamental economic foundations of commerce in general and electronic commerce in particular. It is shown how electronic markets create value and which impact they have on the welfare of a society. The economic concept of welfare, thereby, plays an important role, as it serves as key metric and motivation for determining the economic outcomes of an openly accessible Internet of Products.
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© 2013 Springer Fachmedien Wiesbaden
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Neumann, R. (2013). The Economics of E-Economies. In: The Internet of Products. Springer Vieweg, Wiesbaden. https://doi.org/10.1007/978-3-658-00905-2_2
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DOI: https://doi.org/10.1007/978-3-658-00905-2_2
Publisher Name: Springer Vieweg, Wiesbaden
Print ISBN: 978-3-658-00904-5
Online ISBN: 978-3-658-00905-2
eBook Packages: Computer ScienceComputer Science (R0)