UID:
almahu_9947548519802882
ISBN:
9781108602341 (ebook)
Series Statement:
Cambridge studies in economics, choice, and society
Content:
With the growing popularity of apps such as Uber and Airbnb, there has been a keen interest in the rise of the sharing economy. Michael C. Munger brings these new trends in the economy down to earth by focusing on their relation to the fundamental economic concept of transaction costs. In doing so Munger brings a fresh perspective on the 'sharing economy' in clear and engaging writing that is accessible to both general and specialist readers. He shows how, for the first time, entrepreneurs can sell reductions in transaction costs, rather than reductions in the costs of the products themselves. He predicts that smartphones will be used to commodify excess capacity, and reaches the controversial conclusion that a basic income will be required as a consequence of this new 'transaction costs revolution'.
Note:
Title from publisher's bibliographic system (viewed on 12 Mar 2018).
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Machine generated contents note: 1. The world of tomorrow 3.0; 2. Division of labor, destruction, and revolution; 3. The middleman-sharing economy; 4. The answer is 'transaction costs' - Uber sells triangulation, transfer, and trust; 5. Jobs, work, and adaptation; 6. The day after tomorrow.
Additional Edition:
Print version: ISBN 9781108427081
Language:
English
URL:
https://doi.org/10.1017/9781108602341
