It would be nearlyimpossible for someone to come up with a solid definition of the sharingeconomy that is able to reflect the common usage.There is considerableassortment among activities as well as perplex boundaries drawn byparticipants. For example, considering TaskRabbit, a “chore” site with a mantra”connects you with skilled Taskers to do your chores so you can be moreproductive, every day” (TaskRabbit, 2008) is often included,but Mechanical Turk (Amazon’s online labor market) is not (Amazon, 2005). Airbnb ispractically synonymous with the sharing economy as mentioned previously, buttraditional bed and breakfasts are out of scope in the service. Lyft, atransportation network company based in San Francisco (Lyft, 2012)claims to be in, but Uber, another ride service company, does not. Shouldn’tpublic libraries and parks count? When these questions were posed to a fewsharing innovators, they were pragmatic, rather than analytical (Schor, 2014). Turns out thatself-definition by the platforms and press explains who is in and who is out.

According to (Schor, 2014) sharing economyactivities could be classified into four board categorizes which are as follow:1.     Recirculation of goods2.     Increased utilisation of durable assets3.     Exchange of services4.     Sharing of productive assistsConsidering the abovepoints, for recirculation of goods,the origin first came to place in 1995 with founding of eBay and Craigslist,two markets that are now mostly famous as a part of mainstream consumerexperience.

These sites were set in motion by nearly two decades of heavyprocurement of cheap imports that led to a growth of unwanted items (Schor, 2014)From the concept ofe-commerce, the technological advancement made sophisticated software to reducethe conventional high transaction costs of secondary markets, and at eBay, theleading e-commerce webpage, reputational information is difficult to quantifybut still was considered for sellers and was crowdsourced from buyers (Mickey, 2010, pp. 162-169)thereby lowering the risks of transactingwith strangers.Secondly, the using of durable good and other assets.The second type of platform facilitates using durable goods and other assetsmore intensively. In all nations, there are people that hold property orproduct that is not used to capacity (e.g., spare rooms, car).

Here, the primemover was Zipcar, a company that was able to place vehicles in convenient urbanlocations and offered hourly rentals services to its customers (Schor, 2014). After the 2009recession, renting assets became more economically appealing, and similarbusinesses increased rapidly in number. In transportation business, theseinclude car rental websites like ride sharing (Zimride), ride services (Uber,UberX, Lyft), (Relay Rides) and bicycle sharing (Boston’s Hubway or Chicago’sDivvy Bikes) (Brown & Basich, 2011). In the temporaryaccommodation sector, the pioneer was Couchsurfing, which helped travellers tostay with people who offered rooms or couches without any kind of payment backin 1999. Couchsurfing led to Airbnb, which has reported more than 10 millionstays.

Best services for writing your paper according to Trustpilot

Premium Partner
From $18.00 per page
4,8 / 5
4,80
Writers Experience
4,80
Delivery
4,90
Support
4,70
Price
Recommended Service
From $13.90 per page
4,6 / 5
4,70
Writers Experience
4,70
Delivery
4,60
Support
4,60
Price
From $20.00 per page
4,5 / 5
4,80
Writers Experience
4,50
Delivery
4,40
Support
4,10
Price
* All Partners were chosen among 50+ writing services by our Customer Satisfaction Team

 (Lawler, 2013)The third practice isthe service exchange. Its genesislie in time banking, which began in the 1980s to provide a chance for theunemployed people (Cahn & Rowe, 1992). Timebanking is akind of money where people exchange services and skills for time instead ofmoney. How it works is that each hour of work is equal to one credit (The Long Beach Time Exchange, 2013).

For example Nikooffers sketching classes to Daniel for 3 hours and Daniel gives 3 time creditto Niko from his account by login in exchange account online or by callingsupport of timebanking then Niko spends his 3 time credits with two differentpeople, Niko spends 2 hours fixing someone’s car and spends 1 hour remainingwith helping someone else, Now both of these individuals have some time crediteach, they can spend with someone they like by the online browsing, call thesupport of timebanking or coming to the next monthly event of timebanking (The Long Beach Time Exchange, 2013). As compared toother platforms, time banks have not grown so much as it has a demanding natureof maintaining an equal trading (Dubois, et al., 2014). Other similarservice exchange like TaskRabbit that was discussed above have the same conceptbut still finds it a difficult implementation.

Last point focuses on sharingassets to enable production rather than consumption. This may include sharedtools, co-working space or even communal offices. Other sites like educationalplatform is also a part of sharing assets (Bollier & Bauwens, 2013), for exampleplatform like Khanacademy.org or SkillShare.comAccording to (Schor, 2014) “the long-termimpacts of these platforms are shaped by both their market orientation(for-profit vs. non-profit) and market structure (peer-to-peer vs.

business-to-peer)”. For that proposed dimensions to shape the platforms’business models, potential for disrupting conventional businesses and logics ofexchange. (Schor, 2014)