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Sharing Economy

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by

Yeseul Kim

on 30 October 2014

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Transcript of Sharing Economy

Sharing Economy
What is Sharing Economy?
#1. Airbnb
Founded in August of 2008 and based in San Francisco, California, Airbnb is a trusted community marketplace for people to list, discover, and book unique accommodations around the world.
An economic model in which individuals are able to borrow or rent assets owned by someone else.
In 2008, the Harvard Prof. Lawrence Lessig started to use the term "Sharing Economy" which is a concept against to "Commercial Economy."
Commercial vs. Sharing
How does it work?
Ownership of the products and service
Examples
#2. Lyft
In commercial economy, a product or a service particularly belongs to the certain commercial subject.

In contrast, the ownership of a product or a service is obscure in the world of sharing economy, because it's based on sharing the resources.
"From the moment you hop in the car, you’ll see that Lyft is more than a ride. We sit up front. We believe in making someone’s day a little better. We’re a community."
How does it work?
Lawrence Lessig refers to "Economy" in two different models.


Ownership of
the products and services
In commercial economy, a product or service particularly
belongs to the certain commercial subject
.

In contrast, the ownership of a product or service is
obscure
in the world of sharing economy, because it's based on sharing the resources.
Examples
Commercial Economy: "Amazon"
Sharing Economy: "Wikipedia"
Amazon provides an on-line market platform for people all over the world. Not only listing numerous kinds of
products
, but also Amazon helps the customers to compare the products they want to buy.
On the other hand,
Sharing Economy
is based on
the participation of individuals
and
trust
.
Because it take advantage of the
idle resources
.
Commercial Economy
is a simple model which works according to
money, labor,
and the law of
demand and supply
.
Wikipedia is an encyclopedia that made by Internet users. Since it made by "
Everybody's knowledge
," the contents cannot be owned by someone else.
American transportation network company
*idle resource
In economics, the term "idle resources" refers to money, capital or labor that is being wasted. For example, if someone is unemployed, that person is an idle resource whose talent is being wasted

Summary
Excessive Consumption
Resources Saving
Ownership
Exhaustion of Resources
Profit Earning
Competition
Sharing
Collaborative Consumption
Trust
Value Creation
- Why Sharing Economy?
Summary
Excessive Consumption
Resources Saving
Ownership
Exhaustion of Resources
Profit Earning
Competition
Sharing
Collaborative Consumption
Trust
Value Creation
- Why Sharing Economy?
Full transcript