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. The sharing economy, pioneered by companies like airbnb and blablacar, is taking hold in europe. Traditional companies now have another set of competitors to worry aboutinternet startups in the sharing economy. The rise of the socalled sharing economy has created new competition across a number of industries, most notably hotels, through airbnb, and taxis, through ride sharing services like uber, lyft, and sidecar.
From zipcar to the sharing economy arun sundararajan. These new companies are actually web platforms that bring together individuals who have underutilized assets with people who would like to rent those assets shortterm. However, there has been a lack of proper debates on this concept and the impact it could have on car companies, in particular car dealerships. 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 citizen startup by the city. Contributions to the political debate by the cologne institute for economic research competition in the sharing economy iw policy paper 19 2015. Platforms such as airbnb and uber are experiencing explosive growth, which, in turn, has led to regulatory and political battles. One of the most wellknown manifestation of sharing economy is airbnb, which is an online platform. Crowdsourcing, sharing economies and development arxiv.
Instead of buying and owning products, consumers are increasingly interested in leasing and sharing them. Uber on the rise nationwide 71% san francisco 56% dallas 49% washington, d. The sharing economy is based on the use of information technology to provide people with resource optimization information, by shifting the excessive capacity. How africa can inspire the future of the sharing economy. At the center of the sharing economy, of course, is the customer experience, especially as younger digital natives join the market expecting apps, chatbots, social sharing, and the like. How the sharing economy can make its case mckinsey. The share economy is a concept of a type of economy that is not monetarised, and is not based in a capitalist system. This paper was produced as part of the connected consumption and connected economy project of the connected learning research network of the. Service providers in a sharing economy enjoy greater flexibility, control, and variety than their fulltime employed counterparts. Verified identity helps peel back the first layer of trust between strangers, which is crucial for the success of the sharing economy. Compared to 331 million arrivals in 2000, eu28 countries received 457 million. This chart shows two phrases most likely to replace sharing. Global data on the size of the p2p accommodation economy is limited.
Reason foundation this compilation of four documentary shorts looks at some of the innovative business models that have emerged from the technologyenabled sharing economy. 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. The sharing economy, the collaborative economy, the digital economy, the circular economy, the peertopeer economy and the gig economy 1 are just some examples of the names regularly used in the economic literature and in the media. Why people participate in collaborative consumption 2015. What is even more significant is the ability of the modern sharing economy to get users to overcome any trust gap between them and a stranger by establishing trust in the connection process itself. Sharing is a form of social exchange that takes place among people known to each other, without any. This survey of almost 15,000 consumers across 15 countries reveals the profound effect that sharing technologies could have on economies worldwide, with participation predicted to rise in the next 12 months. How the sharing economy creates jobs, benefits consumers, and raises policy questions before the subcommittee on commerce, manufacturing, and trade. This article closes by suggesting that innovation in the sharing economy requires fewer, but broader rules that do not stifle innovation, but also impose a minimum of legal requirements that take into account the specificities of innovative sharing economy practices, and that are open for future developments. Community libraries emerged in the 18th century, allowing people to lend and borrow books to and.
However, beyond anecdotal evidence, there is a dearth of understanding why people participate in cc. Further, the unanticipated surge in sharing economy business models and the proliferation of companies that serve as catalysts for collaborative consumption has created a disruption of existing. Top 3 cities using uber 2015 q1 sharing the road as uber changes the way city residents get from point a to b, business travelers are following suit. Pdf winter 2015 adapting to the sharing economy katja.
The current and future state of the sharing economy niam yaraghi and shamika ravi 1 1 niam yaraghi is a fellow at the governance studies center for technology innovation. Young people today prioritize things that make their life easier, said meredith ferguson, managing director of research firm dosomething strategic. We then assess the sharing economy platforms in terms of the economic, social. How traditional firms must compete in the sharing economy. In 2016, over 600 million people participated in sharing economy. Putting the sharing economy into perspective sciencedirect. Proponents of the sharing economy argue that it will bring many bene. Nlc conducted the mail and email survey of city officials between february and april 2015. Cc has been expected to alleviate societal problems such as hyperconsumption, pollution, and poverty by lowering the cost of economic coordination within communities. Mar 08, 2016 dyalchand, rashmi, regulating sharing. Surveys were sent to the chief elected officials in a sample of 986 cities. Feb 10, 2015 verified identity helps peel back the first layer of trust between strangers, which is crucial for the success of the sharing economy.
Growth of the sharing economy 3 executive summary 5 main drivers 9 main features of sharing economy companies12 business models a contender for the throne 14 emergence of the model in certain key sectors 16 i. Putting the sharing economy into perspective utrecht university. 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 scale new heights over the next decade. Bothun d, lieberman m, egol m, clarke d, atkinson j, blumenthal j, decker b, hobbs m, shirsekar s 2015 the sharing economy. Our article focuses on a nonstandard sharing example that harbors the potential to disrupt received wisdom on the sharing economy. The business of sharing automotive retail and consumer goods hospitality entertainment, media and communications v. The concepts of businesstoconsumer online platforms or the platform economy schor and attwoodcharles, 2017 are also associated with the sharing economy demary, 2015.
Cities play a central role in deciding which sharing economy practices are adopted and which are rejected. 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. They criticise the sharing economy for tax evasion and unfair competition. Journal of the association for information science and technology, 2015, doi. The p2p sector is growing and changing quickly and independently. How the sharing economy can make its case december 2015 article. We explore the economic impact of the sharing economy on incumbent rms. But the sharing economy isnt really a sharing economy at all. The opportunities and risks of the sharing economy written testimony of dean baker codirector, center for economic and policy research cepr for the hearing on the disrupter series. 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. The first sharing economy organisations allowed members to timeshare things such as cars or power tools, rather than owning one each and leaving it idle most of the time.
The sharing economy is unambiguously increasing competition. April rinne founder and principal, april worldwide. Sharing economy is a popular but inaccurate way to describe services like uber and airbnb. Eprs the sharing economy and tourism members research service page 2 of 6 background the sharing economy is developing against a background of rapid growth in international tourist arrivals in the world, as well as in the european union e u. The impact of the sharing economy on the automotive industry fatmir hyseni, 2015 recently, there has been an increasing interest in the notion of the sharing economy among car and technology companies. Issues facing platforms, participants, and regulators. The capitalist sharing economy is a way of purchasing goods and services that differs from the traditional business model of corporations hiring employees to produce products to sell to consumers. This article defines the sharing economy as a technologically enabled socioeconomic system with five key characteristics i. Our company and the airbnb community are leaders in the new sharing. Jan 28, 2015 but the sharing economy isnt really a sharing economy at all. The literature analysis considered the themes sharing, sharing economy, and platforms in the sharing economy and resulted in a first version of design guidelines for sharing economy.
Our aim with this paper is to put the sharing economy into perspective by providing a conceptual framework that allows us to define the sharing economy and its close cousins and to understand its sudden rise from an economichistoric perspective section 2, to assess sharing economy platforms in terms of the economic, social and environmental. From zipcar to the sharing economy by arun sundararajan january 03, 20 avis has taken an interesting and bold step by acquiring zipcar, absorbing an innovative but struggling competitor at what is likely to be seen as a bargain price while acquiring a small but desirable customer base and gaining a. The sharing economy as an alternative capitalist system 2015. The company is a key part of what is popularly known as the sharing economy. Apart from having economic consequences, the sharing econ. As competition increases, consumers have new options and incumbents may be forced to respond. Please do not cite or quote without permission of author.
Sharing economy 2015 the sharing economy, pioneered by companies like airbnb and blablacar, is taking hold in europe. The current and future state of the sharing economy. The sharing economy has attracted a great deal of attention in recent months. London is particular wellsuited because of its high diversity in socioeconomic and ge ographic terms, and of its enthusiastic adoption of airbnb by june 2015, london had over 14,000 airbnb properties listed. 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. In a space as new and as ambiguously defined as the sharing economy, we wanted to hear from the people closest to it, those at the leading edge of technology and business who could offer nuanced views of whats happening and why it matters. The principle of sharing economy is that users can share their idle resources with each other. The opportunities and risks of the sharing economy written. Boosters claim the new technologies will yield utopian outcomesempowerment of ordinary people, efficiency, and even lower carbon footprints. The explosive growth of the sharing economy has led regulatory and political battles around the world. Jul 17, 2015 the sharing economy for these businesses has been the most effective in urban areas so much so that it has been disruptive to the existing competition there that are not using a shared economy model.
Oct 04, 2018 our article focuses on a nonstandard sharing example that harbors the potential to disrupt received wisdom on the sharing economy. This is the problem were trying to solve at trulioo. Giving someone a ride, having a guest in your spare room, running errands for someone, participating in a supper clubthese are not revolutionary concepts. By unlocking the sharing economy today, can companies transform todays threat. The variety of names mirrors the confusion that surrounds this concept.
For example, an uber driver has the ability to work. A snapshot of the sharing economy by the numbers perspective from industry specialists iii. Why people participate in collaborative consumption article pdf available in journal of the association for information science and technology 679. 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. All of these characteristics can also be attributed to cc services. The sharing economy could transform our cities but we need to see the dark side too 16 jan 2018. Data about the sharing economy used in this brief was derived from questions specific to the sharing economy in the broader local economic conditions 2015 survey. Northeastern university school of law research paper no. The sharing economy has a strong intellectual tradition from lifestyle and social movement field, consumption practice and sharing paradigm. December 14, 20 abstract peertopeer markets, collectively known as the sharing econom,y have emerged as alternative suppliers of goods and services traditionally provided by longestablished industries. Terms such as collaborative economy, sharing economy, gig economy, ondemand economy and peer economy are often used interchangeably.
May 31, 20 hamari, juho and sjoklint, mimmi and ukkonen, antti, the sharing economy. Critics see in the sharing economy a threat to safety, health and disability compliance standards. Sharing economy is a popular but inaccurate way to. Zervas et al 2015 study the effects of airbnb on the hotel industry in texas, finding more rentals on airbnb associated with lower hotel revenues and prices. Companies can benefit from the trend toward collaborative consumption through creative new approaches to defining and distributing. Delningsekonomi eller sharing economy och collaborative economy ar samlings. Impacts synopsis shared mobility definitions and impacts special edition spring 2015 transportation sustainability research center university of california, berkeley by susan shaheen, ph. The sharing economy and tourism european parliament. The dark side of the sharing economy world economic forum. 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 sharing economy oxford martin school university of oxford.
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