Understanding the Sharing Economy
Diane Coyle () and
Economic Statistics Centre of Excellence (ESCoE) Discussion Papers from Economic Statistics Centre of Excellence (ESCoE)
The sharing economy appears to have been growing rapidly. This paper contributes to the debate about its definition and measurement through an analysis of interviews conducted with UK platforms identifying themselves as part of the sharing economy. We conclude there are common features that enable a sufficiently clear definitional boundary, namely peer-to-peer digital matching and greater utilisation of under-used assets or skills. We find that the larger sharing economy platforms reduce costs and entry barriers for smaller platforms, contributing to a rich ecosystem. This implies a useful definition should include business-to-business peer-matching transactions, as well as business-to-consumer transactions. In addition to their economic impacts – transactions that would not otherwise occur, lower consumer prices and additional choice, the scope to earn additional income in a flexible manner, and the greater use of assets with spare capacity – all the interviewees expressed overt non-financial motivations, such as positive environmental impact, contributing to the community, and building trust. We argue this common intrinsic motivation means measurement of the sharing economy for some purposes should also include those platforms which enable free rather than monetary exchanges.
Keywords: sharing economy; digital platforms (search for similar items in EconPapers)
JEL-codes: D16 D26 L22 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cse, nep-eur and nep-pay
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
https://escoe-website.s3.amazonaws.com/wp-content/ ... ESCoE-DP-2019-04.pdf
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:nsr:escoed:escoe-dp-2019-04
Access Statistics for this paper
More papers in Economic Statistics Centre of Excellence (ESCoE) Discussion Papers from Economic Statistics Centre of Excellence (ESCoE) 2 Dean Trench Street Smith Square London SW1P 3HE. Contact information at EDIRC.
Bibliographic data for series maintained by ESCoE Centre Manager ().