The sharing economy: How over-regulation could destroy an economic revolution
The sharing economy describes a rise of new business models (‘platforms') that uproot traditional markets, break down industry categories, and maximise the use of scarce resources. The best known services are the ridesharing system Uber and the accommodation service Airbnb. However, the sharing economy extends much further into finance, home tools, investment, and everyday tasks.
This paper recommends new approaches to regulatory design that would encourage the growth of the sharing economy.