The Sharing Economy: Its Pitfalls and Promises (eBook)

Michael C. Munger (Autor)

eBook Download: PDF

2021
168 Seiten
London Publishing Partnership (Verlag)
978-0-255-36792-9 (ISBN)

Infos

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 But in the past two decades these physical locations have increasingly been replaced by their virtual counterparts – online platforms.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.

Produkt-Details

• Erscheint lt. Verlag: 12.8.2021
• Verlagsort: London
• Sprache: englisch
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Mikroökonomie
• Schlagworte: middlemen • Permissionless innovation • Sharing Economy • Transaction Costs
• ISBN-10: 0-255-36792-9 / 0255367929
• ISBN-13: 978-0-255-36792-9 / 9780255367929