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The Sharing Economy

By Munger, Michael C

The Sharing Economy

By Munger, Michael C

0 - Default Title
Description
Transactions have always taken place. For hundreds of years that 'place' was a market or, more recently, a shopping mall. But in the past two decades these physical locations have increasingly been replaced by their virtual counterparts - online platforms. Here, author Michael C. Munger demonstrates how these platforms act as matchmakers or middlemen, a role traders have adopted since the very first exchanges thousands of years ago. The difference today is that the matchmakers often play no direct part in buying or selling anything - they just help buyers and sellers find each other. Their major contribution has been to reduce the costs of organising and completing purchases, rentals or exchanges. The Sharing Economy: Its Pitfalls and Promises contends that the key role of online platforms is to create reductions in transaction costs and it highlights the importance of three 'Ts' - triangulation, transfer and trust - in bringing down those costs.
Product details
Binding:
Paperback
Number of Pages:
168
Release Date:
2021-09-27
Publication Date:
2021-09-27
Publisher:
Institute of Economic Affairs
Languages:
Original: English
ISBN10:
0255367910
ISBN13:
9780255367912
GPSR Manufacturer Reference:
[email protected]
Weight:
358 g
Height:
152 cm
Width:
226 cm
Thickness:
16 cm
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