Sharing economy theory pdf

In 2011, sharing was nominated as one of the 10 ideas that will change the world. Some simple economics of the \ sharing economy apostolos filippasy john j. Our model consists of a sharing platform, a set of product owners who are interested in sharing the product, and a set of product users renters. National governments also have an interest in theories of economics. The results confirm the dimensions of interpersonal mentalizing such as their experience with the sharing economy service and their current star ratings from the uber driver. Sharing economy making supply meet demand ming hu springer. Game theory applications in production research in the.

It, thereafter, presents the cases of airbnb and uber to discuss the relevance of the theories put forward. The sharing economy has a history of disrupting traditional business sectors. The principle of sharing economy is that users can share their idle resources with each other. This paper applies various theories of firms to explain existence of sharing economies platforms based on uber examples. We demonstrate that this joint increased effort can. The sharing economy is a way of distributing goods and services that differs from the traditional model of corporations hiring employees and selling products to consumers. Interestingly, the sharing economy is intrinsically an international phenomenon and the aforementioned examples of the sharing economy have all internationalized their business since the early days of each companys founding. The sharing economy what it is, examples, and how big.

Introduction with the global economic downturn and. The dark side of the sharing economy world economic forum. The sharing economy is built on the idea that sharing certain goods, services, and skills is more efficient. We develop an analytical framework of peer interaction in the sharing economy that incorporates reciprocity, the tendency to increase decrease effort in response to others increased decreased effort. Preece, rogers, and sharp 2014 consider furthermore a mix of theorybased knowledge, expe. Proponents of the sharing economy argue that it will bring many bene. Our article focuses on a nonstandard sharing example that harbors the potential to disrupt received wisdom on the sharing economy. The sharing economy has a strong intellectual tradition from lifestyle and social movement field, consumption practice and sharing paradigm. As best we can tell, the politics of the venture capital elite boils down to fending off higher taxes, keeping labour costs low and reducing the burden of government regulation. Sustainability free fulltext the sharing economy and. Think airbnb probably the name most recognizable when it comes to sharing economy. Institute for prospective technological studies digital economy working paper 201601 cristiano codagnone and bertin martens scoping the sharing economy. The term sharing economy refers to individuals directly interacting with each other online to exchange goods and services, which is also known as collaborative consumption.

Transaction costs and the sharing economy emerald insight. Mar 05, 2015 sharing economy, or shareconomy, also goes by other names, such as collaborative economy, collaborative consumption peertopeer economy, and relationship economy, to name a few. One of the most wellknown manifestation of sharing economy is airbnb, which is an online platform. Putting the sharing economy into perspective utrecht university. The sharing economy is an economic model often defined as a peertopeer p2p based activity of acquiring, providing or sharing access to. Over the last few years the sharing economy has been changing the way that people share and conduct transactions in digital spaces. Game theory applications in production research in the sharing and circular economy era. The matchingsupplywithdemand process in a sharing economy requires novel perspectives and tools to address challenges and identify opportunities. Silicon valley could start by putting a stop to pretending that the sharing economy is about anything other. How the sharing economy is changing consumer behavior anthony quinones amanda augustine the sharing economy has moved mainstream as technology has allowed people to overcome the trust gap ride and accommodation sharing are the most mature areas, but other sectors are growing fast. The sharing economy platform with the transnational strategy and customer centricity which owes its market dominance by offering web and mobile friendly online community marketplace for the hosts and guests, and with the transparent dual charging and rating systems, the present cannot ignore anymore. The most common revenue model of the platform provider is to charge a. This research phenomenon has drawn scholars from a large number of disparate fields and disciplines into an emerging research area.

Conceptualizing the sharing economy through presenting a. Article pdf 84kb the sharing economy, popularized by the likes of airbnb and uber, has enjoyed remarkably rapid growth over the last five years and looks set to. Sharing economy means what is mine is yours, for a fee the economist and is becoming more and more popular across all kinds of assets. Some simple economics of the \sharing economy apostolos filippasy john j. The rapid development of the sharing economy globally has profoundly changed the way of production and life, the consumption concept, and employment modes. The speed of growth with which sharing systems have spread suggests that the sharing economy might represent a serious threat to established industries, due to fewer purchases and consequent distress in conventional markets. It is may 2015, and im contemplating the future of capitalism at ouishare fest, a gathering in paris with a decidedly noncapitalist vibe over a thousand sharingeconomy enthusiasts have gathered in and around the main venue, a giant red tent called cabaret sauvage, for a celebration that feels part ted, part burning man, and part woodstock.

This can reduce costs for available goods, services, and time. Sharing economy, a cursed buzzword rachel botsman put it quite correctly. We empirically analyze the competitive benefits of sharing economy services to understand why people participate in the sharing economy. Although homestays have existed for as long as people have traveled, technological innovations have made it possible for individuals to offer rooms to a global marketplace of consumers. Individuals connect to each other through websites or phone applications, like airbnb or uber, which create the market space for peertopeer inter actions. Defining the relevant market in the sharing economy. Clarifying the definition of the sharing economy is important, as both advocates and opponents are asking for defined regulations in order to protect businesses and individuals alike.

Analysis of the key publications reveals high emphasis on conceptual studies and qualitative methodologies within the academic literature on sharing economy. The sharing economy and how it is changing industries. The sharing economy oxford martin school university of oxford. Jun 03, 2016 the leading businesses that are advancing the concept of the sharing economy are in many respects no longer insurgents and newcomers. The sharing economy is a massive business phenomenon that is transforming many industries and challenging many traditional business models.

Truth be told, its a bit of each of these claims, yet something unique thats even more. The increased efficiencies allow these brands to passthrough value to their customers and supply chain partners. Why people participate in collaborative consumption article pdf available in journal of the association for information science and technology 679. The sharing economy is powered by declining transaction costs.

This paper presents a more robust framework and holistic understanding of the sharing economy field and calls for a new theory informed research agenda on sharing economy to coalesce multilevel perspectives. While uber promotes itself as a way for drivers to earn extra money to fund their dreams. Sharing economies are here to stay guardian sustainable. In the following four sections we take a more detailed.

Examples of the sharing economy are not limited to uber and lyft and include a wide. The lack of overhead and inventory help sharebased businesses run lean. Crowdsourcing, sharing economies and development arxiv. We then assess the sharing economy platforms in terms of the economic, social and envi. In classic two sided markets, users on both sides bene t from the increasing size of the other side, e. Understanding the sharing economy drivers and impediments for. The sharing economy is an economic model often defined as a peertopeer p2p based activity of acquiring, providing or sharing access to goods and services that are facilitated.

Smartphones, internet connectivity, and the cloud allow consumers to efficiently search for their desired goods and services, understand the terms, ensure timely logistics, and enforce the agreedupon contract. These could be solved with traditional competition instruments, although adapted to the peculiar features of the sharing economy, including, among others, multisidedness and the presence of different externalities. The book is comprised of 20 chapters that are divided into four parts. Oct 04, 2017 the sharing economy is powered by declining transaction costs. Jun 25, 2019 the sharing economy has a history of disrupting traditional business sectors. The size and scale of uber, airbnb and several other firms now rival, or even surpass, those of some of the worlds largest businesses in transportation, hospitality and other sectors. Application of theories of firm to sharing economy. The purpose of this paper is to identify and delineate research directions that guide future empirical studies exploring how engagement platforms facilitate value cocreation and actor engagement in the context of the sharing economy. We emphasize on the importance of service platform. Call for papers special issue of entrepreneurship theory. Exploring the intersection of collaborative consumption and capitalism ellyn e. The sharing economy is in the process of transforming numerous industries. In our competitive economy, innovation is a major driver of longterm consumer welfare gains.

We agree that this is an important step towards better understanding sharing behavior. The business of sharing automotive retail and consumer goods hospitality entertainment, media and communications v. What is the sharing economy example companies, definition. The rise of the socalled sharing economy has created new competition across a number of industries, most notably hotels, through airbnb, and taxis, through ridesharing services like uber, lyft, and sidecar. The sharing economy what it is, examples, and how big data. The sharing economy has attracted a great deal of attention in recent months. The paper aims to discuss the socalled sharing economy from a business modeling and industrial structure perspective. We employ the social exchange theory to examine the participation intention in sharing over owning.

In the sharing economy, individuals are said to rent or share things like their cars, homes and personal time to other individuals in a peertopeer fashion. Cities do not know how to regulate the sharing economy but might well use web data to offer evidenceinformed policies. In our model, buyers sellers can induce sellers buyers to exert more effort by behaving well themselves. Understanding the sharing economy drivers and impediments. This article contributes to the discussion on the sustainability of the sharing economy by adopting the social capital theory to expand explanations of the sharing economys role and scope of relations with local communities in the context of overtourism. The primary focus of this research was to examine uber passengers theory of mind in a broader theoretical base of human abilities. By unlocking the sharing economy today, can companies. According to the oxford english dictionary, the sharing economy is defined as an economic system in which assets or services are shared between private. The goal of this work was to determine who benefits from airbnb in london, and how that has changed over the years in the entire city. The purpose of this article is to investigate if existing theories like. The sharing economy is an emerging economic model usually defined as a peertopeer based sharing of access to goods and services, which are facilitated by a communitybased online platform. What is new, in the sharing economy, is that you are not. Issues facing platforms, participants, and regulators 1 executive summary introduction.

Uber, airbnb and consequences of the sharing economy. When the idea first became widely recognized in 2011, it was dubbed by time magazine as one of the ten ideas that will change the world. Although, originally, entering the field to analyze, broadly from a governance perspective, how the 2015 refugee crisis was handled in vienna, austria, we found that the nongovernmental organization train of hopelabeled as a. A snapshot of the sharing economy by the numbers perspective from industry specialists iii. Sharing economy businesses open up new markets and bring about new regulatory challenges. This article contributes to the discussion on the sustainability of the sharing economy by adopting the social capital theory to expand explanations of the sharing economys role and scope of. The illustrative cases examined are airbnb and uber. Giving someone a ride, having a guest in your spare room, running errands for someone, participating in a supper clubthese are not revolutionary concepts. Uber and the false hopes of the sharing economy the new. At its core, the sharing economy is about the sharing of idle assets, usually via tech platforms, in ways that produce economic, environmental, social and practical benefits. Pdf sharing economy is an emerging phenomenon without a consolidated. The research question raised is concerned with the extent to which transaction cost theory can be used to explain the changing industrial structures in the application areas that the internet.

The current and future state of the sharing economy brookings. Pdf international journal of hospitality management the. How the sharing economy can make its case mckinsey. Platforms such as airbnb and uber are experiencing explosive growth, which, in turn, has led to regulatory and political battles. However, the sharing economys implications for marketing thought and practice remain unclear. Boosters claim the new technologies will yield utopian outcomesempowerment of ordinary people, efficiency, and even lower carbon footprints. Few asset owners within the sharing economy space restrict their business models to their home countries. In laymans terms, a sharing economy is an economic model where assets are shared directly by stakeholders, after coordination has been conducted over the internet. Zeckhauserx may 10, 2019 abstract new internetbased \sharing economy markets enable consumerowners to rent out. Traditional industries are being affected by the sharing economyand many. Call for papers special issue of entrepreneurship theory and. Pdf 84kb these challengers must develop a smarter approach to external engagement. The wideranging implications of the shift to a sharing economy, a new model of organizing economic activity that may supplant traditional corporations. The sharing economy is mainly reflected in the new economic modes that utilize information network technology to optimize the allocation and utilization of idle social resources.

Tpb posits behavior to result from its antecedents intention, attitude, subjective norm, and perception of control. The impact of dynamic twosided platform pricing on. As mutual relationships have not been fully recognized through a theoretical perspective, the article aims to examine the. The first part explores the general impact of sharing economy on the production, consumption, and society. This article defines the sharing economy as a technologically enabled socioeconomic system with five key characteristics i. This paper presents a more robust framework and holistic understanding of the sharing economy field and calls for a new theoryinformed research agenda on sharing economy to coalesce multilevel perspectives. With its calls to fight old economy industries, the sharing economy seems to borrow from the fuck the man ethos of earlier generations of sharers, from hippies and activists sharing their lives in communes to punk rock kids distributing free zines at benefit shows to techies sharing music files on napster. The leading businesses that are advancing the concept of the sharing economy are in many respects no longer insurgents and newcomers. The sharing economy is an economy based on access to rather than ownership of physical. Challenges and opportunities in the sharing economy. In the spring of 2014, the sharing economy held an unusual. The explosive growth of the sharing economy has led regulatory and political battles around the world. Oct 21, 2016 the sharing economy is a massive business phenomenon that is transforming many industries and challenging many traditional business models.

In accordance to equity theory also past sharing transactions of both lenders and borrowers are. Pdf emerging themes and theories in the sharing economy. The sharing economy promotes sustainable societies nature. The impact of dynamic twosided platform pricing on fairness perception in the sharing economy peter angerer university of innsbruck peter. Origins, definitions, impact and regulatory issues 2016.

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