The Sharing Economy: Its Pitfalls and Promises

Released on by Michael C. Munger
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  • The Sharing Economy: Its Pitfalls and Promises Book Detail

  • Author : Michael C. Munger
  • Release Date : 2021-08-12
  • Publisher : Do Sustainability
  • Genre : Business & Economics
  • Pages : 171
  • ISBN 13 : 0255367929
  • File Size : 8,8 MB
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The Sharing Economy: Its Pitfalls and Promises by Michael C. Munger PDF Summary

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 But in the past two decades these physical locations have increasingly been replaced by their virtual counterparts – online platforms.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