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The Current and Future State of the Sharing Economy

The Current and Future State of the Sharing Economy
Author: Niam Yaraghi
Publisher:
Total Pages: 38
Release: 2017
Genre:
ISBN:

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This paper finds that the sharing economy is “the peer-to-peer based activity of obtaining, giving, or sharing access to good and services”. Alternative names for this phenomenon include gig economy, platform economy, access economy, and collaborative consumption. The sharing economy is estimated to grow from $14 billion in 2014 to $335 billion by 2025. This estimate is based on the rapid growth of Uber and Airbnb as indicative. Data shows that private vehicles go unused for 95 per cent of their lifetime. Together with the fact that there are fewer requirements to drive for Lyft, Ola and Uber than for a taxi company means greater supply of rides. Prices of shared services are also falling as indicated by Airbnb rates that are between 30 and 60 per cent cheaper than hotel rates around the world. More information shared on an online platform can lead to greater trust between users, but it can also lead to racial and gender bias. Sharing economy companies must work to combat bias on their platforms, both in their algorithms and their users. Removing some identifying information from profiles lowers risk of bias. It is difficult for any one company to form a monopoly since the cost for customers to switch between sharing economy services is quite low.


Sharing and Collaborative Economy

Sharing and Collaborative Economy
Author: Enric Bas
Publisher: Springer Nature
Total Pages: 92
Release: 2022-02-02
Genre: Business & Economics
ISBN: 3030938824

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This book presents a foresight-based exploratory analysis on the coming post-capitalist society and the transforming role of technology, creativity, and social innovation in the new economy. Topics analyzed include innovation culture, the role of politics, legal protection, the digitalization of social life, as well as vulnerabilities and opportunities of the Sharing & Collaborative Economy (ShE). ShE is here essentially understood just as a proof of the current Zeitgeist; a sign of its time. A time, where the formal social structures and institutions which traditionally have shaped and framed human societies are - slowly but progressively- getting dissolved into a new emerging social system, complex and mutant by nature. The book subsequently presents three plausible scenarios for ShE as the outcome of this analysis in the horizon of 2030: 1) the probable future, balancing neoliberalism: the shared/collaborative economy as a new third way, 2) the contingent/rupturist future, hypercapitalism: neoliberalism on steroids, or the collaborative paradigm as a trojan horse, and 3) the preferable future, postcapitalism, or the sharing economy as the poster child of the 4th industrial revolution. It connects these three scenarios with a change of paradigm where horizontal management, cultural diversity, social responsibility, climate change management, and the transformative power of radical creativity and participation are finally getting a leading role in the design of brand new ways of approaching a more integrative and sustainable business and economy.


Network Society and Future Scenarios for a Collaborative Economy

Network Society and Future Scenarios for a Collaborative Economy
Author: V. Kostakis
Publisher: Springer
Total Pages: 133
Release: 2014-08-22
Genre: Political Science
ISBN: 1137406895

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This book builds on the idea that peer-to-peer infrastructures are gradually becoming the general conditions of work, economy, and society. Using a four-scenario approach, the authors seek to simplify possible outcomes and to explore relevant trajectories of the current techno-economic paradigm within and beyond capitalism.


The Future of Airbnb and the ‘Sharing Economy’

The Future of Airbnb and the ‘Sharing Economy’
Author: Jeroen A. Oskam
Publisher: Channel View Publications
Total Pages: 250
Release: 2019-04-15
Genre: Social Science
ISBN: 1845416759

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This book deconstructs the ‘sharing’ marketing narratives surrounding Airbnb and similar platforms. It provides a conceptual analysis of the ‘sharing economy’ and accommodation sector and furthers the ongoing discussion surrounding Airbnb and the social sustainability of city tourism. The volume analyses the touristification of neighbourhoods in the context of broader economic and ideological shifts, thus bridging the gap between academic and social debate. It presents four different city scenarios of potential future developments and evaluates the effects of different regulatory responses, giving readers an understanding of the forces and factors at work and envisioning the ultimate consequences of current developments. The book will appeal to students and researchers in tourism and hospitality studies, futures studies and urban planning, as well as to policymakers and strategists in the hospitality and tourism sectors.


The Sharing Economy in Europe

The Sharing Economy in Europe
Author: Vida Česnuitytė
Publisher: Springer Nature
Total Pages: 429
Release: 2022-01-21
Genre: Business & Economics
ISBN: 3030868974

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This open access book considers the development of the sharing and collaborative economy with a European focus, mapping across economic sectors, and country-specific case studies. It looks at the roles the sharing economy plays in sharing and redistribution of goods and services across the population in order to maximise their functionality, monetary exchange, and other aspects important to societies. It also looks at the place of the sharing economy among various policies and how the contexts of public policies, legislation, digital platforms, and other infrastructure interrelate with the development and function of the sharing economy. The book will help in understanding the future (sharing) economy models as well as to contribute in solving questions of better access to resources and sustainable innovation in the context of degrowth and growing inequalities within and between societies. It will also provide a useful source for solutions to the big challenges of our times such as climate change, the loss of biodiversity, and recently the coronavirus disease pandemic (COVID-19). This book will be of interest to academics and students in economics and business, organisational studies, sociology, media and communication and computer science.


The Cambridge Handbook of the Law of the Sharing Economy

The Cambridge Handbook of the Law of the Sharing Economy
Author: Nestor M. Davidson
Publisher: Cambridge University Press
Total Pages: 952
Release: 2018-11-22
Genre: Law
ISBN: 1108266207

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This Handbook grapples conceptually and practically with what the sharing economy - which includes entities ranging from large for-profit firms like Airbnb, Uber, Lyft, Taskrabbit, and Upwork to smaller, non-profit collaborative initiatives - means for law, and how law, in turn, is shaping critical aspects of the sharing economy. Featuring a diverse set of contributors from many academic disciplines and countries, the book compiles the most important, up-to-date research on the regulation of the sharing economy. The first part surveys the nature of the sharing economy, explores the central challenge of balancing innovation and regulatory concerns, and examines the institutions confronting these regulatory challenges, and the second part turns to a series of specific regulatory domains, including labor and employment law, consumer protection, tax, and civil rights. This groundbreaking work should be read by anyone interested in the dynamic relationship between law and the sharing economy.


Perspectives on the Sharing Economy

Perspectives on the Sharing Economy
Author: Indre Maurer
Publisher: Cambridge Scholars Publishing
Total Pages: 174
Release: 2019-08-15
Genre: Business & Economics
ISBN: 1527538532

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Sharing instead of owning is one of the major trends in modern (business) life. By changing how people consume, the rise of the sharing economy has the potential to redefine the role of owners, consumers and producers, change their mode of transaction, create innovative business models, disrupt existing industries, and challenge political and regulative institutions. In addition to these practical implications, the sharing economy phenomenon represents a novel playground for theoretical advancement, attracting a multitude of research and researchers from different disciplines. While this can potentially open up new avenues for practice and theory to stimulate each other, they do not seem to go hand-in-hand at the moment. This volume brings together research from a wide variety of theoretical backgrounds and disciplines to encourage academic discourse on the sharing economy phenomenon. It comprises contributions that are grounded in different theoretical perspectives, including business history, economics, strategic management, organization studies, information systems, political science, legal studies, linguistics, and semantics. While all contributions focus on the sharing economy phenomenon, they examine the subject from different disciplinary angles. Together, they provide a coherent and comprehensive overview of research on the sharing economy.


The Sharing Economy

The Sharing Economy
Author: Arun Sundararajan
Publisher: MIT Press
Total Pages: 255
Release: 2016-05-13
Genre: Business & Economics
ISBN: 0262034573

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The wide-ranging implications of the shift to a sharing economy, a new model of organizing economic activity that may supplant traditional corporations.


Sharing Economy

Sharing Economy
Author: Ming Hu
Publisher: Springer
Total Pages: 528
Release: 2019-01-11
Genre: Business & Economics
ISBN: 3030018636

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This edited book examines the challenges and opportunities arising from today’s sharing economy from an operations management perspective. Individual chapter authors present state-of-the-art research that examines the general impact of sharing economy on production and consumption; the intermediary role of a sharing platform; crowdsourcing management; and context-based operational problems. Sharing economy refers to a market model that enables and facilitates the sharing of access to goods and services. For example, Uber allows riders to share a car. Airbnb allows homeowners to share their extra rooms with renters. Groupon crowdsources demands, enabling customers to share the benefit of discounted goods and services, whereas Kickstarter crowdsources funds, enabling backers to fund a project jointly. Unlike the classic supply chain settings in which a firm makes inventory and supply decisions, in sharing economy, supply is crowdsourced and can be modulated by a platform. The matching-supply-with-demand process in a sharing economy requires novel perspectives and tools to address challenges and identify opportunities. The book is comprised of 20 chapters that are divided into four parts. The first part explores the general impact of sharing economy on the production, consumption, and society. The second part explores the intermediary role of a sharing platform that matches crowdsourced supply with demand. The third part investigates the crowdsourcing management on a sharing platform, and the fourth part is dedicated to context-based operational problems of popular sharing economy applications. “While sharing economy is becoming omnipresence, the operations management (OM) research community has begun to explore and examine different business models in the transportation, healthcare, financial, accommodation, and sourcing sectors. This book presents a collection of the state-of-the-art research work conducted by a group of world-leading OM researchers in this area. Not only does this book cover a wide range of business models arising from the sharing economy, but it also showcases different modeling frameworks and research methods that cannot be missed. Ultimately, this book is a tour de force – informative and insightful!” Christopher S. Tang Distinguished Professor and Edward Carter Chair in Business Administration UCLA Anderson School of Management


Sharing Economy and Big Data Analytics

Sharing Economy and Big Data Analytics
Author: Soraya Sedkaoui
Publisher: John Wiley & Sons
Total Pages: 204
Release: 2020-01-09
Genre: Mathematics
ISBN: 111969499X

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The different facets of the sharing economy offer numerous opportunities for businesses ? particularly those that can be distinguished by their creative ideas and their ability to easily connect buyers and senders of goods and services via digital platforms. At the beginning of the growth of this economy, the advanced digital technologies generated billions of bytes of data that constitute what we call Big Data. This book underlines the facilitating role of Big Data analytics, explaining why and how data analysis algorithms can be integrated operationally, in order to extract value and to improve the practices of the sharing economy. It examines the reasons why these new techniques are necessary for businesses of this economy and proposes a series of useful applications that illustrate the use of data in the sharing ecosystem.