THE SHARING ECONOMY

Abstract

In the last few years, a new technological, economic, social and cultural phenomenon is emerging: the so-called Sharing Economy.

The upheaval introduced by the Web 2.0 allowed the birth of multi-sided platforms which are able to coordinate users without the need of intermediaries. Beyond the positive analysis of the paradigm, on which there is anyway little academic consensus, the economic implications are profound and antithetical: on one hand, it is clear that there has been an increment of the efficiency of the markets disrupted by the Sharing Economy, but on the other it is evident as well how much room this new paradigm made for a possible exploitation of labor, tax evasion and monopolistic behavior by these peer-to-peer platforms.

This work aims to paint the big picture of a phenomenon which is as much new as controversial.

Table of Contents

Introduction
Brief History of the Sharing Economy
    The Digital Revolution
    A Political Shift: from Ownership to Access
    A Technical Shift: A Change in the Classification of Capital Goods
Nomenclature
    Definition and Scope
    Taxonomy
The P2P Economy Pricing Models
    Pricing Models: Organic, Artificial
    Effects on the Efficiency
Effects
    Market Cannibalization
    Waste Stigmatization and Ecological Impact
    Two-sided Markets
Controversies
    Do the Winners Win Just Because of Deregulation?
    High Leverage on Stakeholders: Labor Exploitation and Monopolistic Behavior
Conclusions