Munger, Michael C.
The Sharing Economy: Its Pitfalls and Promises
- ISBN 13:
- 9780255367912
- author:
- Munger, Michael C.
- format:
- Paperback / softback
- publisher:
- Institute of Economic Affairs
- language:
- English
- Publication Year:
- 2021
- Pages:
- 168
- Dimensions:
- 19.8 x 12.7 centimeters
- Genre:
- Business, Economics, Microeconomics,
- Condition:
- New
- Availability:
- Item usually sent within 20 working days
Description
The Sharing Economy: Its Pitfalls and Promises by Michael C. Munger The way we buy and sell has changed dramatically in recent years. Online platforms have become the new marketplaces, replacing physical locations like shopping malls. These virtual platforms act as matchmakers or middlemen, connecting buyers and sellers without directly participating in transactions. By reducing the costs of organizing and completing purchases, rentals, or exchanges, they play a crucial role in facilitating economic activity. Munger explores how online platforms create reductions in transaction costs and highlights the importance of three key factors: triangulation, transfer, and trust. He argues that these elements are essential for bringing down transaction costs and making online marketplaces more efficient. This book provides an in-depth analysis of the sharing economy and its potential pitfalls and promises. By examining the role of online platforms in facilitating economic activity, Munger sheds light on the underlying mechanisms that drive this new economy.
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