The collaborative economy : A disruptive innovation or much ado about nothing?

• An economy based on the exchange of capital, assets and services between individuals has grown significantly, spurred by proliferation of internet-based platforms that allow people to share underutilized resources and trade with reasonably low transaction costs. The movement toward this economy of "sharing" translates into market efficiencies that bear new products, reframe established services, have positive environmental effects, and may generate overall economic growth. This emerging paradigm, entitled the collaborative economy, is disruptive to the conventional company-driven economic paradigm as evidenced by the large number of peer-to-peer based services that have captured impressive market shares sectors ranging from transportation and hospitality to banking and risk capital. The panel explores economic, social, and technological implications of the collaborative economy, how digital technologies enable it, and how the massive sociotechnical systems embodied in these new peer platforms may evolve in response to the market and social forces that drive this emerging ecosystem.

Nyckelord

Circular economy

Collaborative consumption

Collaborative economy

Collaborative technologies

Disruptive innovation

Economic impact

Sharing economy

Sharing Society

Social impact

Commerce

Competition

Distributed computer systems

Economics

Information systems

Internet

Disruptive innovations

Economic impacts

Economic and social effects

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