Analysis of the sharing economy trend: The case of Uber VIII Abstract This paper provides an overview and a critical analysis of the sharing economy, which is a new consumption paradigm driven by technological innovations and executed primarily through online platforms. within sharing economy will merely oust conventional economic models via unfair competition. Edelman and Geradin (2015) discuss both the promised efficiencies of “sharing economy” platforms as well as the regulatory issues they raise. Companies embracing this model develop technology that allows supply to meet demand with less friction and fewer transaction costs. subletting in rented apartments. For example, PricewaterhouseCoopers has estimated that five key sharing economy sectors generated $15 billion in revenues worldwide in 2013, and that they will generate $335 billion by 2025. In [12], the author critiques the existing regu-lation of Airbnb. The sharing economy has grown rapidly over the past five years and is capturing significant market share in various sectors. Powered by the rapid evolution of mobile internet technology, sharing economy firms are providing consumers with quick and easy access to an array of goods and services. The sharing economy is a business model gaining momentum as it challenges incumbents in nearly every industry. And, these younger consumers may have more and more networks to choose The sharing economy allows access to … 2. 2 They do so by considering the cur-rent regulations adopted by a few municipalities, and discussing the pros and cons. sharing economy would not have been possible without Hilary Jane Devine, Apostolos Fillipas, Samuel Fraiberger, Carlos Herrera-Yague, Marios Kokkodis, Marella Martin, Mareike Mohlmann, Lauren Morris and Lauren Rhue. Many of these firms offer individuals the Whether any coverage is provided, how much it is, and what is covered or excluded varies from platform to platform. Sharing economy platforms have experienced a meteoric rise in recent years, and are projected to grow rapidly in the near future. 1. [20] presents a taxonomy of “sharing”, including formality and gratuity, and examines doctrinal responses to sharing situations. Check the company’s website . 6 Washington Post, Side Hustles Are the New Norm (July 3, 2017). Younger people in particular embrace the core idea of eschewing individual ownership, and its accompanying higher costs, in favor of on-demand access to a flexible, lower-cost network of shared assets or service providers. Cannon and Summers (2014) offer a playbook for sharing economy com-paniesto winover regulators. Drawing on overseas examples, Stewart Lansley argues that mobilising the huge financial potential of Britain’s public assets could pay for a pioneering new social wealth fund. Many sharing economy companies provide some insurance coverage for those who use their services. pwc-consumer-intelligence-series-the-sharing-economy.pdf . But be aware that these protections often contain many more A Sharing Economy proposes radical new ways to close the growing income gap and spread social opportunities. Definition of the sharing economy There is nothing new about the tendency to exchange and share goods or services such as cars, special tools, time or knowledge, but until recently these exchanges used to take place essentially on an informal basis, i.e. The emergence of peer-to-peer platforms, collectively known as the sharing economy , has enabled individuals to collaboratively make use of under-utilized inventory via fee-based sharing. 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