The Question of Ownership in a Sharing Economy

The sharing of durable goods in a dynamic ownership economy is attractive, since it has the potential to realize gains from trade via short-term transfers of usage rights. We develop a model in which a set of agents, who are heterogeneous in their likely need of a durable good, make purchase decisions and then have the option to participate in a sharing market contingent on a realized need. The agents' purchase decisions are compared to a situation where ex-post sharing is impossible. The impact of sharing on product sales is ambiguous: for low-price products sales may drop, while for high-price products the number of consumers who decide to become owners may actually increase. Our analysis extends to a sharing market in which prices are negotiated bilaterally in a Nash-bargaining framework. The resulting negotiated-sharing equilibrium allows for a realistic supply-demand imbalance in the sharing market.


Editor(s):
Bui, Tx
Sprague, Rh
Published in:
2015 48Th Hawaii International Conference On System Sciences (Hicss), 4874-4883
Presented at:
48th Annual Hawaii International Conference on System Sciences (HICSS), Kauai, HI, JAN 05-08, 2015
Year:
2015
Publisher:
Los Alamitos, Ieee Computer Soc
ISSN:
1060-3425
ISBN:
978-1-4799-7367-5
Laboratories:




 Record created 2016-02-16, last modified 2018-03-17


Rate this document:

Rate this document:
1
2
3
 
(Not yet reviewed)