| Title: | The sharing economy : It's pitfalls and promises |
| Authors: | Michael C MUNGER, Author |
| Material Type: | Electronic document |
| Publisher: | Institute of Economic Affairs, 2021 |
| ISBN (or other code): | 978-0-255-36791-2 |
| Size: | 168 p. |
| Languages: | English |
| Class number: | 321 (Conjoncture, conditions économiques et politiques actuelles) |
| Descriptors: |
Thésaurus du Management INTERNET ; SOCIAL AND SOLIDARITY ECONOMY ; SPECULATION ; TECHNOLOGICAL INNOVATION ; TRANSACTION COST THEORY |
| Abstract: | 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 But in the past two decades these physical locations have increasingly been replaced by their virtual counterparts – online platforms.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. (source : éditeur) |
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