The Sharing Economy: Its Pitfalls and Promises
- ISBN-10
- 0255367929
- ISBN-13
- 9780255367929
- Series
- The Sharing Economy
- Category
- Business & Economics
- Pages
- 171
- Language
- English
- Published
- 2021-08-12
- Publisher
- Do Sustainability
- Author
- Michael C. Munger
Description
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 But in the past two decades these physical locations have increasingly been replaced by their virtual counterparts – online platforms.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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Other editions
-
- 2018-11-21
- 508 pages
- Ebook
- Cambridge Scholars Publishing
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