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The sharing economy and sufficiency

Oksana Mont and Yuliya Voytenko Palgan

Chapter 11 in Understanding the Urban Sharing Economy, 2025, pp 230-246 from Edward Elgar Publishing

Abstract: In Chapter 11, Oksana Mont and Yuliya Voytenko Palgan examine the relationship between the sharing economy and the concept of sufficiency. The chapter highlights how shared access to goods and services can change consumption patterns, maximising resource use and reducing the need for new production. This can decrease resource extraction and reduce greenhouse gas emissions. The authors discuss how the sharing economy's focus on redistribution aligns with sufficiency principles, promoting efficient resource use over ownership. However, challenges like the rebound effect can undermine these benefits. The chapter also notes that the sharing economy's shift towards ICT and investor-driven models has sometimes worsened environmental and social issues. It calls for policies and business strategies that genuinely support sufficiency goals, urging a holistic approach that includes both direct and indirect impacts of shared consumption. The authors advocate systemic changes and lifestyle adaptations prioritising long-term sustainability.

Keywords: Sharing economy; Sufficiency; Operations; Product strategies; Profit models; Communication (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035320530
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