The Sharing Economy: Its Pitfalls and Promises

The Sharing Economy: Its Pitfalls and Promises
Author :
Publisher : Do Sustainability
Total Pages : 171
Release :
ISBN-10 : 9780255367929
ISBN-13 : 0255367929
Rating : 4/5 (929 Downloads)

Book Synopsis The Sharing Economy: Its Pitfalls and Promises by : Michael C. Munger

Download or read book The Sharing Economy: Its Pitfalls and Promises written by Michael C. Munger and published by Do Sustainability. This book was released on 2021-08-12 with total page 171 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transactions have always taken place. For hundreds of years that ‘place’ was a market or, more recently, a shopping mall. But in the past two decades these physical locations have increasingly been replaced by their virtual counterparts – online platforms. Here, author Michael C. Munger demonstrates how these platforms act as matchmakers or middlemen, a role traders have adopted since the very first exchanges thousands of years ago. The difference today is that the matchmakers often play no direct part in buying or selling anything – they just help buyers and sellers find each other. Their major contribution has been to reduce the costs of organising and completing purchases, rentals or exchanges. The Sharing Economy: Its Pitfalls and Promises contends that the key role of online platforms is to create reductions in transaction costs and it highlights the importance of three ‘Ts’ - triangulation, transfer and trust – in bringing down those costs.


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