Digitalization changes markets and thus, our business activities. Via Web 2.0 technologies, it is easy for us to make resources temporarily available for other users.
The systematic borrowing of goods and the mutual provision of space is called sharing economy. In this form of sharing, the own possession of resources plays a minor role. The focus lies on collaborative consumption.
Sharing economy comes with the hope that resources will be used more efficiently and thus, both economic and environmental benefits can be achieved.
When is “using” instead of “owning” beneficial? What does this change in consumption behavior implies for markets? What economic concepts are behind this idea? What rules of conduct must be implemented to embellish a fair sharing economy and prevent free riding? When are we in need for regulation of the new business models? How does it affect tax authorities? Who will get the rents of the transactions? How will the sharing economy influences our daily lives?
Pictures (from top to bottom): (c) shutterstock.com / SkyPics Studio, (c) Hermann-Tast-Schule Husum