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Owning, Using and Renting: Some Simple Economics of the "Sharing Economy"
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In this paper, a survey of consumers broadly supports the modeling assumptions employed, for example, ownership is determined by individuals' forward-looking assessments of planned usage, and the analysis examines bringing-to-market costs such as labor costs and transaction costs, and considers the operating platform's pricing problem.Abstract:
New Internet-based markets enable consumer/owners to rent out their durable goods when not using them. Such markets are modeled to determine ownership, rental rates, quantities, and surplus generated. Both the short run, before consumers can revise their ownership decisions, and the long run, in which they can, are examined to assess how these markets change ownership and consumption. The analysis examines bringing-to-market costs, such as labor costs and transaction costs, and considers the operating platform's pricing problem. A survey of consumers broadly supports the modeling assumptions employed. For example, ownership is determined by individuals' forward-looking assessments of planned usage.read more
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The limits of trust-free systems : A literature review on blockchain technology and trust in the sharing economy
TL;DR: Light is shed on how conflicting notions of trust and blockchain technology may be resolved and the potential of blockchain technology for dissolving the issue of trust in the sharing economy is explored.
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Antecedents of trust in the sharing economy : A systematic review
TL;DR: In this article, the authors performed a systematic literature review to understand how the trust of users in the sharing economy is influenced, and 45 articles were included in a qualitative synthesis in which the results were grouped according to a well established trust typology.
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The “sharing” economy: labor, inequality, and social connection on for-profit platforms
TL;DR: In this paper, the authors focus on three areas of research in the for-profit segment, also called the platform economy: social connection, conditions for laborers, and inequalities, and find that some parts of the platform market do foster social connection and that even shared hospitality is becoming more like conventional exchange.
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Mark Merante,Keren Mertens Horn +1 more
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The effect of the Covid-19 on sharing economy activities.
TL;DR: In this article, the authors examined the effect of the Covid-19 pandemic on the sharing economy activities and explored the SE phenomenon based mainly on the following themes: anxiety, cancelation, job loss, income reduction, hygiene and safety, overcoming strategy, and outcomes.
References
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Toward the next generation of recommender systems: a survey of the state-of-the-art and possible extensions
TL;DR: This paper presents an overview of the field of recommender systems and describes the current generation of recommendation methods that are usually classified into the following three main categories: content-based, collaborative, and hybrid recommendation approaches.
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TL;DR: In this article, Probable Inference, the Law of Succession, and Statistical Inference are discussed, with a focus on the law of succession in probabilistic inference.
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Two-sided markets: a progress report
Jean-Charles Rochet,Jean Tirole +1 more
TL;DR: In this paper, the authors provide a road map to the burgeoning literature on two-sided markets and present new results on the mix of membership and usage charges when price setting or bargaining determine payments between end-users.
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Reputation systems
TL;DR: Systems T he Internet offers vast new opportunities to interact with total strangers, but these interactions can be fun, informative, even profitable, but they also involve risk.