The Sharing Economy: Issues Facing Platforms, Participants, and Regulators

20 Pages Posted: 27 May 2015 Last revised: 2 Jun 2015

Christopher Koopman

George Mason University - Mercatus Center; George Mason University School of Law

Matthew D. Mitchell

George Mason University - Mercatus Center

Adam D. Thierer

George Mason University - Mercatus Center

Date Written: May 26, 2015

Abstract

Filing of the Mercatus Center at George Mason University to the Federal Trade Commission for the FTC's June 9, 2015 workshop on "The “Sharing” Economy: Issues Facing Platforms, Participants, and Regulators."

The Mercatus Center at George Mason University is dedicated to advancing knowledge about the impact of regulation on society. As part of its mission, the Mercatus Center conducts careful and independent analyses employing contemporary economic scholarship to assess rulemaking proposals from the perspective of the public interest. Thus, this comment before the Federal Trade Commission (FTC) does not represent the views of any particular affected party or special interest group. Rather, it is designed to assist the commission as it weighs the costs and benefits of regulation that affects the sharing economy. Our comments to the commission are derived from recent Mercatus Center working papers on these issues.

Keywords: sharing economy, collaborative economy, asymmetric information, lemons problem, Akerlof, online innovation, regulation, inefficiency, reputation feedback, markets, network, public interest, regulatory capture, rent-seeking, e-commerce, ride sharing

JEL Classification: D45, H7, K22, K23, L1, L2, L5, L8, L9, M2, N7, O3, R4

Suggested Citation

Koopman, Christopher and Mitchell, Matthew D. and Thierer, Adam D., The Sharing Economy: Issues Facing Platforms, Participants, and Regulators (May 26, 2015). Available at SSRN: https://ssrn.com/abstract=2610875 or http://dx.doi.org/10.2139/ssrn.2610875

Christopher Koopman

George Mason University - Mercatus Center ( email )

3434 Washington Blvd., 4th Floor
Arlington, VA 22201
United States

George Mason University School of Law ( email )

3301 Fairfax Drive
Arlington, VA 22201
United States

Matthew D. Mitchell

George Mason University - Mercatus Center ( email )

Adam D. Thierer (Contact Author)

George Mason University - Mercatus Center ( email )

3351 Fairfax Drive
4th Floor
Arlington, VA 22201-4433
United States

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