dc.description.abstract | The Sharing Economy, a platform for mediating idle resources and users, describes the recent phenomenon in which ordinary consumers have begun to act as sellers providing services that were once the exclusive province of professional sellers. Such as the large brands like Uber and Airbnb, is attracting much interest from scholars and practitioners.
The Sharing Economy, this model goes by many names - the Sharing Economy; the Gig Economy; Peer, or Platform Economy - but the companies share certain premises. They typically have ratings-based marketplaces and in-app payment systems. They give workers the chance to earn money on their own schedules, rather than through professional accession. And they find toeholds in sclerotic industries.(Heller, N.,2017) The Ride-Hailing apps includes Uber, Lyft, which replaces the Taxi. The Space for the Airbnb and Home Away. And the TaskRabbit provides a personal Commission – only service model. The financial of Wise Transfer, Lending Club, and the professional service of the Riverr, as long as you have a skill. You can get a minimum of $5 in rewards, such as web development, logo design, writing, taking photos, drawing, translating, and more. As these examples suggest, the sharing economy has begun to permeate nearly every sector of the economy.
The dissertation investigates case company on the gradual improvement process of the car sharing and ride sharing models for nearly ten years of th maket sharing. The conclusion is to keeping on improving process.
1. Consumer sensitivity to prices of, legacy providers like Yellow Cabs relative to sharing economy plat-forms like Uber exhibits spatial, temporal, and use-occasion variations. This means that cross-price elasticities would also exhibit similar patterns and implementations of pricing strat-egies in these markets have to take these into account.
2. Sharing economy platforms draw customers and revenue away from legacy providers like Marriott and Hilton. The key advantage of the sharing economy plat-forms is in their ability to adjust supply rapidly to demand unlike legacy providers. | en_US |