In the age of ubiquitous, up-to-date information, I can’t imagine how arbitrage, the process through which price differences between markets is taken advantage of.

For almost any product, it is so easy to compare prices, so why pay more? Even beyond price, dealer brokers are judged by numerous websites for the quality of their service, and much much more.

This is one of the many reasons why intellectual property will play a crucial role in the markets of the future.