Sharing Economy Review and Analysis
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What is one key characteristic that distinguishes sharing economy platforms from traditional businesses?

  • They require ownership of assets.
  • They focus on facilitating peer-to-peer interactions. (correct)
  • They emphasize long-term asset liability.
  • They operate on conventional business models.

    • What is the projected growth rate for car sharing from 2016 to 2024?

  • 2%
  • 34.8% (correct)
  • 10%
  • 20%

    • In 2015, what was the estimated total value of transactions conducted by sharing economy companies in Europe?

  • €100 billion
  • €28 billion (correct)
  • €50 billion
  • €335 billion

    • Which of the following aspects do recent studies indicate can distinguish four sharing economy models?

    <p>Level of rivalry among participants and control by the platform.</p> Signup and view all the answers

    What is a primary focus of the sharing economy as described?

    <p>Facilitating transactions related to sharing and reusing assets.</p> Signup and view all the answers

    What aspect does NOT typically highlight the benefits of the sharing economy?

    <p>Emphasis on ownership.</p> Signup and view all the answers

    By what year is the total value of transactions by sharing economy companies in Europe expected to reach €335 billion?

    <p>2025</p> Signup and view all the answers

    What did the estimation of US adults using sharing economy platforms increase from in 2014 to 2021?

    <p>From 44.8 million to 86.5 million.</p> Signup and view all the answers

    What primarily characterizes Ephemeral Matchmakers in the Sharing Economy?

    <p>They facilitate temporary transactions of existing assets.</p> Signup and view all the answers

    What type of market structure do companies like Airbnb and HomeStay represent?

    <p>Two-sided market.</p> Signup and view all the answers

    What is a significant challenge faced by Sharing Economy matchmaking platforms?

    <p>Overcoming the chicken and egg paradox.</p> Signup and view all the answers

    What motivates end-users to participate in the Sharing Economy according to the analysis?

    <p>The appeal of hedonic experiences.</p> Signup and view all the answers

    Which of the following statements best describes the value proposition offered by SE companies?

    <p>They prioritize authenticity over professionalism.</p> Signup and view all the answers

    What role do cross-side network externalities play in two-sided platforms?

    <p>They enhance the value of the platform as more users join.</p> Signup and view all the answers

    Why should entrepreneurs focus on designing two specific value propositions for their platforms?

    <p>To address the motivations of both end-users and providers.</p> Signup and view all the answers

    Which of the following platforms is NOT an example of an Ephemeral Matchmaker?

    <p>Amazon Prime.</p> Signup and view all the answers

    What is the main function of platforms like Uber and Airbnb?

    <p>They act as intermediaries connecting end-users with peer-suppliers.</p> Signup and view all the answers

    Which of the following describes Ephemeral Matchmakers?

    <p>They provide a platform for temporary exchanges without ownership.</p> Signup and view all the answers

    What distinguishes Lifecycle Extenders and Seller Aggregators in the marketplace?

    <p>They involve a change of ownership during transactions.</p> Signup and view all the answers

    How does BuyMie facilitate its service?

    <p>By employing independent workers known as 'pickers'.</p> Signup and view all the answers

    What is a characteristic of multi-sided platforms like Deliveroo?

    <p>They integrate three or more different sides in their business model.</p> Signup and view all the answers

    What type of service does Ofo provide?

    <p>On-demand bike rentals throughout the city.</p> Signup and view all the answers

    What is the main focus of MyShowCase as a business?

    <p>Showcasing new brands through community-based events.</p> Signup and view all the answers

    What does Reshopper primarily facilitate?

    <p>The re-selling of used clothing.</p> Signup and view all the answers

    What is the primary focus of the majority of papers on sustainable economy (SE)?

    <p>Consumers' motivations for using services</p> Signup and view all the answers

    Which of the following is NOT a motivation for consumers to engage with sustainable economy services?

    <p>Cultural promotion</p> Signup and view all the answers

    How can the behavioral motivations for participating in the sustainable economy be described?

    <p>They may vary by industry and cultural context.</p> Signup and view all the answers

    In the thematic analysis of the literature, which dimension relates to the societal impacts of sustainable economy?

    <p>Environmental</p> Signup and view all the answers

    What percentage of papers focuses on the impact on society, market, and policy within the sample?

    <p>36%</p> Signup and view all the answers

    Which terminology is predominantly associated with the management-oriented keywords in the analysis?

    <p>Trust issue</p> Signup and view all the answers

    Which group of keywords represents sustainability-oriented concepts in the analysis?

    <p>Blue and yellow keywords</p> Signup and view all the answers

    Which motivation is considered more prominent for peer-to-peer based businesses according to the analysis?

    <p>Environmental consciousness</p> Signup and view all the answers

    How many academic journals featured at least three articles on the sharing economy?

    <p>Thirteen</p> Signup and view all the answers

    Which two journals published more than 10 papers on the sharing economy?

    <p>International Journal of Contemporary Hospitality Management and Technological Forecasting and Social Change</p> Signup and view all the answers

    What methodology was used to analyze the content of the sharing economy academic papers?

    <p>Network-based analysis using VOS Viewer</p> Signup and view all the answers

    What was a key finding regarding the tourism sector in the co-occurrence analysis?

    <p>Airbnb was highlighted as a leading case.</p> Signup and view all the answers

    What was the purpose of the smart local moving algorithm used in the analysis?

    <p>To enhance the readability of the co-occurrence map</p> Signup and view all the answers

    What does the different color representation in the co-occurrence map indicate?

    <p>Clusters of related keywords</p> Signup and view all the answers

    What minimum strength value was required to show links in the co-occurrence map?

    <p>6</p> Signup and view all the answers

    Which software tool was utilized for the bibliometric analysis in the study?

    <p>VOS Viewer</p> Signup and view all the answers

    What primarily defines the gig economy?

    <p>A labor market characterized by short-term contracts and freelance work</p> Signup and view all the answers

    Which of the following platforms exemplifies the sharing economy through existing assets?

    <p>Vrumi</p> Signup and view all the answers

    In the transaction model, which type involves a company owning the shared product?

    <p>On-Demand Renters</p> Signup and view all the answers

    Which of the following companies is categorized as a Lifecycle Extender?

    <p>Reshopper</p> Signup and view all the answers

    What characterizes the 'Ephemeral Matchmakers' cluster?

    <p>Engaging in temporary transactions with new assets</p> Signup and view all the answers

    Which dimension is NOT a part of the 2 by 2 matrix for analyzing sharing economy transactions?

    <p>Duration of ownership</p> Signup and view all the answers

    What classification does the sharing economy framework NOT include?

    <p>Lifecycle Borrowers</p> Signup and view all the answers

    Which best describes the 'Seller Aggregators' cluster?

    <p>Companies that facilitate temporary transactions with existing assets</p> Signup and view all the answers

    Study Notes

    Sharing Economy: A Review

    • Explores the current state of sharing economy (SE) research and practice.
    • Provides a framework for researchers and managers.
    • Systematically analyzes 114 management literature articles.
    • Examines 32 companies from three national SE associations (UK, Ireland, and Denmark).
    • Identifies themes including consumer motivations, societal impact, market analysis, and revenue models.
    • Classifies SE companies into four archetypes: On-Demand Renters, Lifecycle Extenders, Seller Aggregators, and Ephemeral Matchmakers.
    • Highlights gaps between academic literature and the real-world practices of SE businesses.
    • Suggests future research directions to improve the understanding of SE businesses.

    Methodology

    • Uses a dual approach combining a systematic literature review and exploratory qualitative research (open coding).
    • Literature review focuses on articles related to SE using Scopus database (2017).
    • Documents screened based on type, language (English), and relevance to SE.
    • Empirical investigation analyses 32 companies from the three SE associations.
    • This research results in the analysis of 114 documents.

    Results

    • The field of SE research shows rapid growth, particularly since 2012.
    • The study reveals themes of consumer motivations (financial, hedonic, environmental consciousness), societal impact, economic implications, and business model explorations.
    • Companies within various SE archetypes were identified by the study.
    • On-Demand Renters, Lifecycle Extenders, Seller Aggregators, and Ephemeral Matchmakers were the four archetypes extracted from the examination of 32 SE companies.

    Key Findings

    • SE companies exhibit various business models and target different types of transactions (e.g., permanent vs temporary).
    • There are inconsistencies between SE themes in management literature and business model diversity of SE businesses.

    Discussion

    • The framework helps companies to identify their position in the SE landscape.
    • The success of SE companies depends on fostering trust and efficient systems (identity verification, user reviews, secure payments).
    • There are significant disparities between academic research focus and the practical realities within SE firms.
    • Key focus areas for future research are highlighted, including understanding the business models and critical success characteristics of SE companies.

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    Related Documents

    Sharing Economy: Seeing Through The Fog PDF

    Description

    This quiz reviews the current state of sharing economy (SE) research and practice, analyzing 114 management articles. It identifies key themes such as consumer motivations and market analysis, and classifies SE companies into four archetypes. Explore gaps in academic literature and real-world practices while suggesting future research directions.

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