1. New Economics:
Sharing Economy
Matt Evans, Lauren Standal, Edward Thach, Dalia Zaghal, Nancy Landrum
INTRODUCTION WHY IT MATTERS
CHARACTERISTICS
RESOURCES
REFERENCES
CONTACT
There are many examples of the Sharing Economy:
• Food: Chicago Market, Ripe Near Me, Free Farm
Stand, Farm to Pantry, community gardens, food
cooperatives
• Finance
• Peer-to-peer lending: Lendingclub, Prosper.
• Crowdfunding: Kickstarter, Indiegogo.
• Accommodations: Couch Surfing, Airbnb
• Staffing: TaskRabbit
• Transportation: Uber, Lyft, Car2Go, Zipcar
• Time, Tools, Misc: TimeBanks USA, ToolBankUSA,
Spare to Share, FreeCycle, TimeRepublik
• Music/Video/Photos: Vimeo, YouTube, Flickr
• Handicrafts: Etsy
The Sharing Economy is a flexible economic network
that allows people to share resources, such as
equipment, services, and skills. There are many
reasons why Sharing Economies are important:
• It’s cheaper.
• Reduces consumption through sharing
resources on demand.
• Allows participants to avoid the drawbacks of
owning expensive resources.
• Can reduce many costs associated with
ownership.
Sharing Economies additionally are a long run
economic approach centered around sustainability.
Characteristics of a Sharing Economy include:
• Focus on resource access instead of ownership
• Companies facilitate the service of sharing or
exchange instead of selling a product
• Decentralized exchange
• Largely self-governed
• Collective purchasing
• Shared ownership
• Co-creation
• Use of lending, swapping, exchange, bartering,
gifting, sharing, and renting resources
To find more information on the Sharing Economy,
visit:
• OuiShare
• Shareable
Sharing Economies, also known as ‘Shareconomies’
and ‘Collaborative Consumption’ refers to peer-to-
peer based sharing of goods and services. The goods
and services in a sharing economy are available to
individuals, but are owned by someone else.
Communities have shared the use of assets for a
very long time, but the development of the internet
has made it easier for those who have assets to
connect with those who want to use them.
Matofska, B. (2014). What is the sharing economy?
www.thepeoplewhoshare.com/blog/what-is-the-sharing-
economy/#sthash.t9tGxO5R.dpuf
Leonard, A. & J. Sachs (2013). The Story of Solutions.
http://storyofstuff.org/movies/the-story-of-solutions
Schor, J. (2014). Debating the sharing economy.
The Economist (2013). Peer-to-peer rental: The rise of the
sharing economy.
Nancy E. Landrum, Ph.D.
Loyola University Chicago
Quinlan School of Business & Institute of
Environmental Sustainability
Email: nlandrum@luc.edu
Phone: 773-508-8953
EXAMPLES