Universidad Tecnológica de El Salvador
The Current and Future State of the Sharing Economy
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The Current and Future State of the Sharing Economy

Niam Yaraghi and Shamika Ravi
Brookings Institution, 2016
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Like Airbnb and Uber, more and more companies and individuals are fueling the rapid growth of the sharing economy. And some of these firms are becoming powerhouses, with multibillion-dollar valuations. Yet, as this revealing article from researchers Niam Yaraghi and Shamika Ravi illustrates, regulations have yet to catch up with a sector that could potentially become a significant part of the world’s economy by 2025. getAbstract recommends this comprehensive text to anyone interested in the future of the sharing economy and the companies behind it.

Summary

Generally described as “the peer-to-peer-based activity of obtaining, giving, or sharing the access to goods and services, coordinated through community-based online services,” the sharing economy has touched the lives of most people, even if they don’t always recognize the term or agree on an exact definition. According to a 2016 survey, half of respondents reported buying or selling goods on sites such as eBay and Craigslist, and 40% had used Amazon Prime. But only 11% had had experience with Airbnb, and just 15% with Uber.

A 2014 study that excluded used goods, expedited delivery and...

About the Authors

Niam Yaraghi is a fellow at the Brookings Institution, where Shamika Ravi is a senior fellow.

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