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Article

Analysis of a Legal Regulation Approach and Strategy of a Sharing Economy Based on Technological Change and Sustainable Development

1
Law School, Zhengzhou University, Zhengzhou 450001, China
2
School of Economics, Jilin University, Changchun 130012, China
3
School of Economics, Jilin University of Finance and Economics, Changchun 130012, China
*
Author to whom correspondence should be addressed.
Sustainability 2023, 15(2), 1056; https://doi.org/10.3390/su15021056
Submission received: 5 November 2022 / Revised: 23 December 2022 / Accepted: 29 December 2022 / Published: 6 January 2023

Abstract

:
Economic regulations for sustainable development improve sharing and sustainability through diverse approaches. Market changes, stock values, and investor ideas are taken into consideration to achieve high sustainability. Multiple points across regulations are mandatory for adaptable improvements. Considering this feature, a conservative regulation approach (CRA) using artificial intelligence (AI) is introduced. The proposed approach relies on convolutional learning to improve economic sharing and sustainability. This approach takes in market values and economic sharing factors to estimate stability. The stability is validated using recurrent knowledge and non-tractable regulations. The proposed method was trained using current economic sharing and restrictions were applied. The learning process was prepared based on the available sharing information and development recommendations. This training improvises the changes and adaptations necessary for development and sustainability in economic sharing scenarios. The proposed approach’s performance is validated through metrics recommendation, data analysis, sustainability features, and economic sharing ratio.

1. Introduction

The regulation approach is mainly used to regulate or direct an organization in order to improve their quality of service and also to control certain measures. This approach enhances overall quality control of products or items that improve the efficiency of an application. The regulation approach also provides effective protection [1] in the form of accountability and organizational development measures for a system. A regulation approach reduces overall productivity and environmental standards. It is the most commonly used method in sustainable development [2]. Various regulation approaches are used in a sustainable development system, such as ecological, environmental, economic, and social-cultural systems. The ecological approach is mainly used to enhance the robustness and resilience level of a biological system [3]. An environmental process boosts the effectiveness and reliability level of a sustainable development system. The economic approach is usually used to maximize income and increase a business platform’s stock market rate [4], and the financial process plays a significant role in improving the performance rate in a sustainable development system. A social approach is mainly used to manage or maintain the social-cultural aspect among people. Finally, environmental policy provides ideas and strategies to achieve better quality in environmental development [5].
A sharing economy is a socioeconomic system mainly built for sharing resources in a marketing platform. The primary purpose of a sharing economy is to increase profits from underused assets and groups [6]. A sharing economy is a process of exploiting unused products and places that will earn more money for the users. A sharing economy contains various ways to share certain things; methods include purchasing goods without money and providing appropriate services to maximize traditional cultures [7]. A sharing economy is a peer-to-peer (P2P)-based architecture that is mainly used to access the sharing process on an online platform. Some economic sharing ideas are peer-to-peer (P2P) lending, co-working spaces, and crowdfunding for sustainable development [8]. Cooperation is the key mechanism through which the sharing economy operates, improving the system’s overall efficiency and dependability. A sharing economy is also used for sustainable development systems [9]. A sharing economy provides various unique strategies to stimulate the intensity rate in a sustainable development system; the primary goal in a sustainable development system is to highlight the abilities and practical aspects of an application to customers [10]. Unlike standard stabilization, this method employs several economic positions to alter the underlying principles. In this article, a convolutional neural network was used to assess development recommendations in order to avoid mistakes and compromises. A financial ratio’s minimum and maximum sustainable qualities were analyzed. Training was started for the less-shareable financial ratio to reduce the need for changes. Because of this, variations were buried in a way that considered the possibility that the proposal would be altered, reducing the time needed for analysis. Knowledge of market necessity allows for more accurate identification and long-lasting outcomes.
More efficient than conventional enterprises, the method proposed in this article describes sharing economy services using artificial intelligence to connect suppliers and clients through digital marketplaces. The emergence of the sharing economy coincided with the onset of the Great Recession, ushered in by the rise of socially enabling technology and a growing awareness of the urgent need to address issues such as population expansion and resource shortages. The sharing economy streamlines business processes, reducing initial investment to only an idea and access to the internet.
Artificial intelligence (AI) employs human intelligence to carry out specific tasks. AI is mainly used for computer systems that enhance performance and reliability [11]. AI uses a natural-language processing system to understand a mission and provide optimal solutions to solve a problem. AI techniques are primarily used in economic development systems to reduce energy consumption in performing tasks [12]. AI identifies the critical set of data that reduces both time and rate of energy use throughout the identifying procedure. AI technology’s primary advantage is execution of a task so that it increases the system’s efficacy and efficiency [13]. AI provides various sets of services and features for an economic development system. AI-based economic development processes increase organizations’ and industries’ overall economic rates [14]. A nation’s economic rate is essential for raising its current standing and enhancing its rate of growth. AI increases economic forecast and detection accuracy, which lowers mistake rates in systems for sustainable development [15].
The primary goal of the legal regulation approach to law is to protect the economy from the intrusion of fundamental rights. The law is skewed toward human behavior. It has to build a proper and better interplay with humans to provide settlement of disputes arising from economic factors. The technique of regulation improves the quality assurance of a product or thing that increases the efficiency of an application. Independence is also available through the regulatory method: systemic responsibility and improvement metrics. The regulatory approach lowers overall production and ecological standards.
The influence of AI on the global economy will increase as AI develops and gains more capabilities. It will have far-reaching consequences for the global economy, including employment, GDP growth, productivity, income inequality, etc. Economic growth systems extensively use AI methods to lessen their reliance on external energy sources. The key benefit of AI technology is that it can perform a task that improves the system’s efficacy and efficiency.
A legal, regulatory approach assures that the suggested CRA model for better sharing and sustainability of economic regulations depends on technological advances and sustainable development. Methods presented here consider improvements such as stock prices, market shifts, and investor suggestions. The suggested method utilizes technological progress as well as sustainable development to discover changes and adjustments in economic distribution across time periods while maintaining a high level of sustainability.
AI ensures long-term sustainability through employment of multiple techniques to foster cooperation and long-term viability. Thinking about market fluctuations, stock prices, and the opinions of investors can lead to long-term success. It is essential to consider the many distinct aspects of regulation while making flexible and adaptable modifications. Based on this characteristic, we introduce an AI-powered conservative regulation approach (CRA). The proposed strategy uses convolutional learning to improve economic distribution and long-term viability. This approach uses market values and economic sharing factors to produce more-reliable estimates.
This research is based on economic sharing and sustainability, using actual data from the US economy. CRA is based on improving the economic share and sustainability of the US. CRA concentrates on market values, economic sharing for stability estimation, and US GDP growth. CRA improvises the changes and adaptations for development and sustainability in economic sharing scenarios in the US.
Today’s cutting-edge AI programs frequently employ ML technology to record, interpret, and analyze video, audio, and text data. The relation between the researchers’ works below and this article is sustainable economic development using the legal research approach.

2. Related Works

The proposed CRA is used in several ways to provide better advice on future projects and to analyze data. With the help of a CNN and AI, this research article examines the long-term viability of existing economic sharing and legal principles in economic sharing scenarios.

2.1. Economic Development

Chen et al. [16] designed an economic maintenance plan using a discrete algorithm for an artificial bee colony. A method for a discrete imitation beehive population was used as an optimization method that identifies and solves a problem. The Bee Colony algorithm understands the relationship among the components, providing a feasible data set for further processes. A suggested approach raises the service’s repair capability by increasing the ruling system’s average correctness.
Norbu et al. [17] introduced a battery-control technique based on heuristics for shared resources in community energy projects. One of the main plans for energy in home-based communities is presented. A low-voltage (LV) distribution network connects other devices with the district. The proposed method first identifies the techno-economic rate of the community. The proposed algorithm improves scalability by reducing use of renewable resources during computing.

2.2. Sustainability

Cook et al. [18] proposed a new alternative model for economic well-being and also for sustainable development goals (SDGs). The proposed model is a conceptual model measuring the financial well-being of SDGs. Indicators are also identified by a conceptual model that provides an appropriate data set for other SDG methods. The suggested approach raises the entire degree of relevance and efficacy of SDGs.
Gu et al. [19] introduced a new high-quality economic measurement method using the triple bottom line of a sustainable development system. The proposed method mainly calculates the financial measure for the entrepreneurship development process. The triple bottom line identifies the influences and features presented during its creation. The suggested approach optimizes the effects of entrepreneurship that enhance the efficiency rate of the sustainable development process.
Eisenmenger et al. [20] proposed a new prioritized method for sustainable development goals (SDGs). The main aim of the proposed method is to improve the socioeconomic rate of a country and provides optimal services to citizens. SDGs are used here to monitor trends and current environment, offering a feasible data set in the improvement procedure. This suggested approach raises the overall level of durability of the SDG system.
Dabbous et al. [21] introduced a sociotechnical framework for sustainable consumption via a sharing economy. The proposed method identifies the fundamental values and factors presented in sustainable consumption. The suggested approach is mainly employed to assess characteristics. The impacts of knowledge and perception play a significant role in improving the benefits of the economic rate. The proposed method reduces the energy- and time-consumption rate in the sharing economy process, enhancing the system’s performance.
Taheri et al. [22] proposed a heuristic-based hybrid algorithm for a sustainable supply-chain network. The proposed algorithm is used in medical devices sharing information for medical services. The sensitivity analysis method is used to identify the crucial parameters in the supply-chain network. The proposed method improves the efficiency and performance rate of medical devices that provide necessary services to patients.
Zaery et al. [23] designed a distributed hierarchical controller for a cluster of DC microgrids (MG). A two-layer communication approach was used that provides an appropriate interaction process for the users. The dynamic consensus technique is also used to generate incremental cost (IC) in economic operations. This suggested approach achieves improved practicality and error rate in the computation process. This proposed approach also achieves great practicality and scalability of the system.
Wang et al. [24] developed a social exchange theory-based socioeconomic approach for sustainable consumption behavior. Predicting sustainable behavior is a complicated task to perform in an application. Peer-to-peer (P2P) architecture was used to determine the customer’s behavior. The proposed method achieves a high reliability in detection, which raises the system’s viability and efficiency.
Oakley et al. [25] introduced a brand-new condition-based maintenance schedule for a complex system. Improving economic dependencies is a crucial task to perform in a multi-component system. The condition-based policy identifies the features and patterns necessary for the decision-making process. A component system’s degree of dependability and effectiveness is raised by its condition policy. The suggested strategy decreases the system’s cost and time-consumption rate. The recommended method also reduces the frequency of the maintenance procedure.

2.3. Artificial Intelligence

Rashid et al. [26] proposed a new economic model for evaluating the cybersecurity information-sharing ecosystem. The primary purpose of the proposed model is to assess the relationship between shareholders and customers. The proposed model identifies difficulties and provides a feasible solution for marketing and business problems. The proposed method achieves a high cybersecurity-surveying system accuracy.
Guler et al. [27] introduced an artificial neural network (ANN)-based exchange rate change method for forecasting systems. Economic data was used to provide an appropriate data set for the exchange method. The approach is mainly utilized in forecasting crises that require accurate information. External factors and features are identified by the ANN, which produces feasible data for the exchange process. The suggested technique raises the system’s efficacy and efficiency.
Hoosain et al. [28] used implementation, prototyping, and case studies to examine technological innovations such as AI, ML, IoT, big data, and inventive techniques used in various industries including ICT, the public sector, and others to shed light on and hopefully resolve the agreed-upon framework. The fourth industrial revolution, digital technologies, blockchain, robotics, 3D tech, and many more have become the means to solve many of the world’s challenges. The transition from a linear “take, make, and dispose of” model toward a more circular one has been implemented in several sectors across different countries with the help of these cutting-edge methods. The results have been encouraging for the environment and the economy.
Chen et al. [29] introduced a self-perpetuating cycle that promotes economic and social progress. It discusses the value chain in connection with environmental cost control and the issues arising from that form of control. An artificial intelligence (AI) decision tree algorithm was used to create an enterprise-level system to monitor and manage environmental expenditures in order to achieve ecological cost internalization. As a case study, the ecological cost report from an oil production facility could determine the external environmental consumption cost and offer advice for the enterprise’s ecological cost scheme control.
Endharta et al. [30] designed a new economic design for a circular k-out-of-n: G balanced system. The main aim of the proposed technique is to improve overall system-level maintenance. Both condition- and corrective-based maintenance policies were used to understand the effects and features of the system. Improved system performance resulted from the suggested layout’s decreased identification-related costs and delay.
Standing et al. [31] suggested reviewing government and consultant reports, websites, and academic papers on transportation sharing. Trust, technical infrastructure, and asset ownership decline are growth factors. The transport journal community has been sluggish in studying vehicle-sharing, focusing primarily on bike-sharing. According to this article, sharing economies and other technologies such as driverless cars may help solve transportation problems such as congestion. Overregulation and under-regulation are also risks. Future mobility efforts will require government entities to engage in various sharing options.
Xiao et al. [32] employed the propensity score matching technique to dissect how bike-sharing affects riders’ inclination to take the subway or bus. Although bike-sharing has no discernible effect on people’s propensity to take public transit, it considerably impacts the amount people spend on transport. Gender, health, private vehicle ownership, bicycle possession, electric bicycle ownership, and education level were used to create a classification system. Groups that owned bikes or electric bicycles, those with less than a bachelor’s degree, and those in worse-than-ideal physical condition were more likely to utilize a bike share, suggesting that this mode of transportation may encourage more extended periods of public transportation usage.
Anton Korinek et al. [33] analyzed the economic drivers of shifts and outlined the financial strategies that could soften the blow to underdeveloped and rising economies without sacrificing access to the benefits of technological progress. They also outline changes to the world economic management framework that might allow for better distribution of AI help to low-income regions.
Maria J. Pouri et al. [34] relied on ethical preconceptions such as the existence of pro-social reasons for contribution and examination of the digital sharing economy (DSE) as a socioeconomic phenomenon. A conceptual framework for the DSE was based on a thorough description that incorporated and organized a wide range of distribution services.
The CRA model is based on economic sharing and sustainability using actual data from the US economy. The changes and adaptations made for development and sustainability are focused on US economic sharing scenarios and GDP growth. AI was combined with the proposed approach to enhance US economic distribution and GDP growth.

3. Proposed Conservative Regulation Approach

The proposed CRA model is designed to improve sharing as well as the sustainability of economic regulations and relies on technological changes and sustainable development to ensure a legal regulation approach. Crucial factors such as stock values, market changes, and investor ideas are sequentially considered by the proposed method. This model aids economic sharing and sustainability using a convolutional neural network (CNN) for adaptable improvements. The approach relies on market values and economic sharing factors that differ for different technological changes. The legal regulation approach is used to jointly analyze market values and products to satisfy customers through stability validation. This stability validation is therefore responsible for economic sharing and sustainability as both factors consider adaptivity with less analytical complexity. The proposed approach is illustrated in Figure 1.
Market value and economic sharing factors are improved through stability computation through a CNN. A challenging task in this proposed approach is stability validation using recurrent learning and non-tractable regulations. The CNN is classified as regulation, and recommendations for a legal sharing economy approach are analyzed using AI. Market values can observe customer demands and products based on legal principles. In particular, economic sharing and sustainability are validated and trained using current economic sharing and regulations applied through the recurrent learning process. This training boosts the modifications and adaptations for economic development and sustainability in sharing scenarios. In this proposed approach, stability validation and development recommendation are estimated using the CNN, excluding sustainability features and the economic sharing ratio. However, to retain complexity in economic sharing and development, the changes and adaptations are validated using the available sharing information and development recommendations using the proposed approach’s performance. The proposed method verifies the stability of current economic sharing and regulations. The proposed CRA is used to improve development recommendation and data analysis through diverse approaches. The current economic sharing and legal principles are analyzed for their stability in economic sharing scenarios using AI through the CNN. Financial regulation for sustainable development is modeled for the sharing and sustainability of diverse approaches. The legal regulation approach is reliable for growth and sustainability with similar time intervals. This approach aims to maximize economic sharing and sustainability, which in turn influence market values and products over consumer demands. Economic sharing and sustainability is based on the legal regulation approach of reducing analytical complexity, hence data analysis of sustainable development depends on technological changes, therefore:
t = R ( E s , S s ) i = i = R t = i ( E s ) t 1 [ ( E s ) t ( E s + S s ) t ]
In Equation (1), the variables ( E s , S s ) are used to denote the probability of economic sharing and sustainability through considerable points C p from the legal regulation approach   R . The maximum sustainable development N = 1 is achieved with high E s and S s , as it is based on technological changes and principles. In Equation (1), i denotes the number of approaches applied and t represents the analysis time interval. However, R and   i are not the same due to C p as N [ 0 , 1 ] for the diverse approaches. Therefore, N = 1 is unstable for the same instances   t and outputs in analytical complexity and latency. This problem is called stability validation for sharing and sustainability in economic scenarios. The CRA jointly uses AI and the CNN in the proposed model to maximize stability.

3.1. CNN-Based Stability Validation

CNN-based stability validation assures that consumer functions are achieved by economic sharing and environmental sustainability. The market values as well as product development and sharing using artificial intelligence are guided by the legal regulation approach. This approach consists of economic sharing factors and market values that are used to compute stability and identify latency and analytical complexity, as in Equation (1). The probability of adaptable improvements is considered across regulations without complexity (i.e., ρ ( St V ) ), given by
ρ ( St V ) = i t Im i t R Im t DA E s R i
In Equation (2), the variables Im i and Im t are used to denote the adaptable improvements mandatory for R . It takes into consideration market changes, stock values, and consumer ideas as per the product and actual technological changes. In this approach, the data analysis DA complexity condition of [ ( E s ) t ( E s + S s ) t ] is estimated for adaptable improvements. The first instance for improving economic sharing and sustainability is N = 1 as the market and stock values change; therefore, stability validation is performed through the adaptable improvement   t i . Data analysis is based on conservative R at t intervals as it helps in validating the stability of economy sharing and sustainability for market values and products in the network. This adaptable improvement is computed as in Equation (3):
Im t     i R = [ ( 1 DA ) E s Im t N E s C p ( Im t M ) i R
where the variable M denotes adaptation modifications and the improvement analysis for the available legal R approach is analyzed to validate stability at   t instances. If this Im t     i R develops, the current economic sharing and regulations are applied for training the proposed approach with the adaptations. The changes in economic development and sustainability maximize   DA . It also damages the functions and the training increases the changes and transformations in economic sharing scenarios. The probability estimation using the CNN is represented in Figure 2.
E s and S s are the combinational inputs for the varying R instances. They rely on   N ( 0 , 1 ) for which C p augmentation is determined. If   N 0 , then C p requirements are high, and hence modifications are mandatory. The new alterations improve the chances of sustainability and S s is enhanced for different (prolonged)   R . Contrarily, the N 1 is divided between   t sequences for implementing improvements; the ρ ( St v ) is estimated for   N 1 alone (refer to Figure 2). The CNN holds the available economic sharing information and sustainability of R and serves as the training set of { N ,   IM ,   DA , ρ ( E s ) } . After the proposed approach, performance is validated as E s at any t instance. The output for current economic sharing in the marketplace relies on E s , S s , and Im t     i R ; it is analyzed by the recurrent learning process and it applies regulation with stability validation. The modifications are addressed for sharing information and developing a recommendation to consumers and investors in that network. In this approach, the changes and adaptations are identified using the CNN. The approach depends on adaptable improvements of N for i R ( St V ) i = St V and DA and E s in economic sharing scenarios for the varying rates of market and stock values, as in Equation (1). Let R M and rc M represent the regulation and recommendation modifications of economic sharing for both instances as shown in Equation (1). It refers to the available sharing of information and development of recommendations through the learning process that is trained with adaptations and changes. Therefore, the development recommendation ( D rc ) is computed as
D rc = ( R M + rc M )
This development recommendation and information-sharing analysis improves the stability of the legal regulation approach. It increases investor ideas, stock values, products, and market values. The strength of the method is validated using a recurrent learning process using non-tractable regulations, reducing the economic sharing ratio through diverse approaches. The sustainability features are addressed in the data analysis of the sharing economy and sustainable development through technological changes. However, some sustainability feature extractions in economic sharing scenarios retain their recommendations based on regulation stability estimation. Therefore, the above-derived Equation (4) is substituted in regulation and recommendation instances for reliable output.
R M = i R ( St V ) i = N × i R ( St V ) i Im i = N × i R DA i
Similarly,
rc M = i R t i ( St V ) ti ( 1 DA ti ) = i R ( Im i DA i ) ( St V ) i
From development recommendation and economic sharing information, the learning process is trained as a metric of St V and Im with DA . The equation is used to validate the stability of the regulations. Hence, R M relies on Im and N , whereas rc M relies on E s and   ρ ( St V ) . As per the conditions, R M and N achieve either 1 or 0 based on sustainability feature changes, and adaptations in development can be satisfied successfully. In this approach, if   D rc = rc M , then the modifications and training in economic sharing do not occur, and the adaptation condition in Equation (1) does not modify further regulations. The development recommendation as per Equations (5) and (6) is presented in Figure 3.
The   I m t are validated for E s and R M and independently for   St v . This is crucial, as market demands vary with time. Here, product availability and its direction are considered to prove rC M . rC M is achieved from M , R M , and rC M for balancing St v . Therefore, the S s is retained at any interval such that C P requirements are less. This is recurrently trained using the CNN until the maximum N 0 is reduced (Figure 3). This development and sustainability relies on N = 1 and Im i     t i = Im t     i R , for which the regulation of the sharing economy through diverse approaches output is given in   t . The high sustainability of 0 < N < 1 is accurate for stability validation based on D rc = ( R M + rc M ) analyzed for the sustainable development of D rc ( i ) = R M ( i Im i Im t ) + rc M ( i )     t i and   i R . The complexity in maintaining regulation stability through the CNN in the above instance is represented through adaptable improvements of ( i Im i Im t ) , as this is the non-tractable regulation at t instance where Im i Im t . In the first instance of rc M and ρ ( St V ) , it is computed through R M ( i Im i Im t ) , where it relies on N . This considerable point across regulations is modeled using the adaptable improvements:
D rc = N [ ( min ( St ) i max ( St ) i ) St V M ] R ( i Im i Im t ) + max ( St ) i min ( St ) i max ( St ) i
In Equation (7), the first approach provides the development recommendation and sharing information outputs in 1 as   N = 1 , min ( St ) i = max ( St ) i and   rc = 0 , and   R = min ( St )   or max ( St ) . Therefore, it is considered D rc = i R ( St V ) i or St V until [ t < i Im i Im t < i   ] is achieved. Instead, the consecutive economic regulations for sustainable development-based data analysis for the adaptable improvements are considered and processed where [ i Im i Im t , t ] is the probabilistic sustainability and available regulations are explained in a detailed manner.
A subset of neural networks, convolutional neural networks (CNNs or ConvNets) are typically employed in contexts including image and voice recognition. Their built-in convolutional layer minimizes the high dimensionality of pictures without losing their information. Utilizing a convolutional neural network (CNN) for malleable enhancements increases economic sharing and sustainability. Market values and economic sharing variables may vary across technology shifts, leading to usage of various methods.
This sequential procedure verified the reliability of rules in every case of detecting changes in economic distribution, speeding up the study. Therefore, the sustainability feature was retrieved to enhance the development advice and execute alterations in specific cases. As a result, it evaluated market value and product iteration based on the perspectives of the investors. The proposed strategy is well-equipped with rules and current economic sharing information to meet sustainability aspects for implementation of legal concepts. The suggested solution employs AI to facilitate communication and speeds up the data analysis rate.

3.2. Sustainability Analysis

The probabilistic sustainability feature using N and ρ ( St V ) modifies the accumulated technologies and financial information in that network. In particular, modification and adaptation, as in Equation (1), are computed for diverse approaches to increase stability. The probability of rc for the economic sharing scenarios is calculated as in Equation (8):
ρ ( S s ) = ρ ( E s S s ) ρ ( E s )
The changes and adaptations for development and sustainability are carried out through a regulation approach using recurrent learning and the CNN. The AI-based economic regulations are for both market values and product information analysis. The above conditions were estimated with a stable rule for the economic sharing instances using current economic sharing principles. The sustainability features relied on modifications identifying the stability of regulations and economic sharing probabilities at the same time intervals. Therefore, the condition for identifying adaptations provides training through a recurrent learning process. Sustainable development is prescribed for both market values and stock values by computing the S s probability and stability validation for regulations at different intervals. The sustainability feature of Sf ( R ,   t ) relies on maximum stability ( t ) and E s as in Equation (9):
Sf ( R ,   t ) = [ S s ( E s Im i DA ) × 1 N ] sustainability   ( N ) + 1
In this probability estimation of sustainable development and further information sharing, the main goal is to improve economic sharing and sustainability and reduce complexity. Therefore, the actual economic ratio E s is given as
N ( E s ) = max [ S s × Im i Im t sustainability   ( N ) M ( t ) ]
In Equation (10), the training of the learning process is achieved with N (or) E s ; in both instances of   sustainability ,   if   ( N ) = 0 , then output N = E s = S s achieves high sustainability, whereas if   sustainability   ( N ) = 1 , then E s = S s N or E s = S s . Therefore, the condition S s = E s outputs reliable market values where the development recommendation for all the environmental products is given in Equation (1). The available regulation for all economic sharing and sustainability is based on i t and i R , as in Equation (1). The data analysis in this economic sharing scenario is available for all approaches, where market values and products are balanced, and hence the regulation is stable, as in Equation (1). In any instance of economic sharing and sustainability, if   E s < S s , then training takes place, which again results in stability validation. The sustainability analysis using recurrent CNN training is represented using Figure 4.
The training of the CNN requires all the D rc input validating ρ ( S s )     t . The output depends on R M     R assignments   t are segregated in detecting N ( E s ) . This N ( E s ) is classified as maximum or minimum for training. If the maximum is achieved, then   St v is estimated to reduce R , whereas the minimum N ( E s ) requires training. In this activity, new rC M and M are assigned for I m t for stabilizing ρ ( S s ) . Therefore, the recurrence is maintained until the maximum recommendation is achieved (Figure 4). The computation of stability validation is for all economic sharing; the changes and adaptations of technologies are analyzed as per the regulations and recommendations where E s is ensured. Market values and products are available for diverse approaches at t intervals during modifications. Therefore, for stability validation for data analysis other than adaptable improvements, the first instance of [ 1 ,   DA ] helps to validate i     E s so as to improve the data utilization in economic regulations for sustainable development based on a 0 < N < 1 condition for any R with different C p . The proposed approach balances ρ ( E s ) > ρ ( S s ) until modifications occur; different R are provided independently for each consumer demand and stock value. In this condition, if the market values and products maximize, minimum sustainability is achieved. In contrast, if the products and market values are modified, then development recommendation is provided to the investor, identifying the adaptations and changes in that network through the CNN. This economic regulation for sustainable development using AI is used to improve sharing and sustainability through different approaches.
In the third quarter of 2022, the United States’ actual gross domestic product (GDP) climbed at an annual pace of 2.9 percent, following a fall of 0.6 percent in the second quarter. In the third quarter the economy grew, mainly due to rising exports and increased consumer purchasing, despite a drop in home investment. The CRA approach does not evaluate the rising and falling of GDP at an annual pace. The discussion is based on the general growth of the economy.
Artificial intelligence (AI) has experienced meteoric sustainable growth during the past decade. The advent of this technology has altered almost every industry. The amount of data produced by the Internet and IoT devices is expanding exponentially. Many firms have developed hardware tailored to train deep learning models. Issues concerning prejudice, ethics, and regulatory control persist despite artificial intelligence becoming more affordable, more widely adopted, and more effective at tasks. The Stanford Institute for Human-Centered Artificial Intelligence compiled a comprehensive study in 2022 evaluating the intricacies of the developing field of AI at a time when AI is increasingly available to everyone. Artificial intelligence (AI) is paving the way for novel approaches in the analysis of legal regulation approaches; strategies of sharing economies based on technological changes; sustainable development business process redesign; and the improvement and augmentation of human judgment. It is essential for digital transformation goals and other works of similar interest.
Sustainable development initiatives at the cutting edge of technology have the potential to transform tried-and-true approaches for boosting economies and relieving poverty. This study is related to economic development. As discussed above, reduced costs and increased fairness and resilience result from resource efficiency improvements in transportation, energy, and materials.
The discussion section uses data from [35] to analyze shared economic status and stability. The dataset has 100k rows of economic data collected from the US Bureau of Economic Analysis. Positive and negative inclusions from the economy are estimated based on relevance. From this input, positive and negative fluctuations are used to validate the S s and   St v of the shared economic products. Firstly, the representation of   M and R M requiring changes are detailed in Table 1.
The M and R M requirements relying on the N , S s and economic products are shared. The above tabulation provides the representation of four quarters between 2013 and 2019. S s relies on the products that are in demand across various market scenarios. Based on the S s ,   M ( % ) and R M ( % ) are provided. If the S s is too low, then M ( % ) is high for leveraging its economic impact. Pursuing this R M ( % ) varies, and hence it is marked in red. This indicates a fluctuation on the negative side as the M improves the I m and hence the D rc is high. Therefore, the products are replaced or made available in large quantities for economic impact following this; depending on the M , the S s and St v are estimated randomly for the above-considered years. This is portrayed in Figure 5.
S s and   St V for the varying   M over the considered years are analyzed Figure 5 above. The CNN analysis is performed for two variants, i.e., positive and negative probability estimations for R M . Using the ( R M ,   R ) and C p t classifications for analysis and training, the S s is stabilized in consecutive occurrences. This is contrary to the St v validation as the previous D rc is valid over some future economic products. Therefore, the M requirement is high, and training is required. For precise improvements, the N ( E s ) min/max is assessed to prevent additional analysis time. Therefore, at some points in   St v , the recommendations are high. Depending on the above discussion, the sustainability feature in Q 1   and   Q 4 for the cumulative products is analyzed in Table 2.
The cumulative products and their   St v impacts sf   ( R , t )     C p demands. The   R requirement is indigenous until the learning de-maps rC M     I m in any   t . Therefore ,   if   C p is less ,   then   Sf ( R , t ) is less; therefore, St v shows negative values in the range for the lesser products in Q 1 compared to Q4. This varies with the availability and N ( 0 , 1 ) range such that S s is retained. In the adverse case, the probability series is distinguished by the training instances for maximizing N ( E s ) (refer to Table 2).

4. Comparative Study

The metrics recommendation ratio, data analysis rate, sustainability feature, sharing ratio, and analysis time are considered for comparative study. In this study, regulation varies between 10 and 150 and modification ranges between 2 and 26. The existing CO-kOn [28], STF [21], and CMP [25] are accounted for alongside the proposed CRA-AI approach.

4.1. Recommendation Ratio

The proposed legal regulation approach achieves a high recommendation ratio for identifying modifications and adaptations in economics for sustainable development (refer to Figure 6). The recommendation and analysis time is mitigated using the condition [ ( E s ) t ( E s + S s ) t ] depending on whether the economic sharing information is deficient or appending based on adaptable improvements through the CNN process. Legal regulation and shared economy help to regulate the economy using AI-enabled devices to improve stability validation. Implementing the analysis time classification of rules and recommendations from current economic sharing and regulations using the CNN, it achieves sustainability in instances of both 0 < N < 1 and ρ ( E s ) > ρ ( S s ) . Therefore, the stability is validated for improving economic sharing across regulations sustainably, and therefore the recommendation is increased. In this proposed model, the changes and adaptations are valid until 0 < N < 1 for maximizing the development recommendation ratio.

4.2. Data Analysis Rate

The changes and adaptations in economic regulation achieve high data analysis with considerable improvements (refer to Figure 7). Market changes, stock values, and investor ideas are controlled and maintained with conditions i t and i R ; thereby analyzing sustainability from current economic sharing and regulations. The regulations and recommendations increase the multiple points through the CNN process. High sustainability through recurrent learning and sharing information is trained using recurrent knowledge. This consecutive process validates the stability of regulations in every instance of identifying adaptations in economic sharing, thereby reducing analysis time. The sustainability feature is extracted to improve the development recommendation and perform modifications in different instances. Therefore, identifying market values and product changes can be analyzed depending on investor ideas. This proposed approach is trained based on regulation and current economic sharing to satisfy sustainability features for applying legal principles. The proposed method uses AI to share information and increase the data analysis rate.

4.3. Sustainability Feature

This proposed approach using technological change and sustainable development achieves high sustainability for identifying modifications and adaptations in economic sharing at different time instances (refer to Figure 8). With non-tractable regulations, stability is validated for sustainability features and analyzing the data. Economic sharing and sustainability are mitigated through the development recommendation for adaptable improvements and stability relying on market values and stock value analysis through recurrent learning. Economic sharing depends on market values and products that adapt the upgrades using multiple points. The available sharing information helps to improve development recommendations by applying a legal regulation approach Sf ( R ,   t ) , as it is based on the CNN process. Multi-point-access change and adaptation identification training is provided to enhance economic sharing and sustainability at different instances. Stability validation is performed to extract sustainability features through diverse approaches. Hence, the recommendation is increased.

4.4. Sharing Ratio

In this proposed approach, the considerable points across legal regulations achieve a high sharing ratio compared to the other factors in sustainable development (refer to Figure 9). Sustainable development is prescribed for both market values and stock values by computing the S s probability and stability validation for analyzing multiple points. The regulations identify increasing information-sharing through convolutional learning [as in Equation (4)]. The modification is then identified with the help of economic sharing, and sustainably uses less analysis time and complexity. With high sustainability due to improving economic sharing and sustainability, regulation increases to maximize market values and products, preventing complexity. Therefore, current economic sharing under different approaches is based on regulations and recommendations is administered in the above Equations (5) and (6) with training instances. In this proposed approach, the sustainability features rely on stock values and investor ideas; therefore, the adaptations and technological changes identified with sustainable development are fewer.

4.5. Analysis Time

In Figure 10, the economic regulations for sustainable development incorporate market values, products, and consumers, which are analyzed using convolutional learning through technological changes. The sustainability features and economic sharing through recurrent learning do not apply additional regulations. Varying market changes and stock values in the sustainable development of a sharing economy are analyzed with its stability validation. Recurrent learning for diverse approaches in a consecutive manner considers modifications for training additional stability for economic sharing and improves sustainability. Changes and adaptations are identified as per the condition D rc ( i ) = R M ( i Im i Im t ) + rc M ( i )     t i in a sequential manner for applying regulations. Sustainable development is used for analyzing data through a convolutional network. The stability validation from the open environment uses the sharing economy, preventing complexity. Adaptability improvements can be addressed due to technological changes and sustainable development through the learning process. Data analysis is performed to apply the regulations for sustainable development. The modifications and training are posted through recurrent learning, for which the proposed approach uses less analysis time.

4.6. Results Summary

The comparative analysis results are tabulated for the varying regulations and modifications in Table 3 and Table 4.
Findings: The proposed approach improves the recommendation ratio by 10.06%, analysis rate by 15.48%, sustainability factor by 10.53%, sharing ratio by 11.91%, and analysis time by 10.3%.
Market laws for long-term sustainability promote cooperation and long-term viability utilizing a wide range of mechanisms. High sustainability is attained by considering market shifts, stock prices, and investor perspectives. Flexible and adaptive improvements need the consideration of many different aspects of regulation. Given this trait, this article presents a conservative regulation approach (CRA) that uses AI. The suggested method uses convolutional learning to enhance economic sharing and sustainability. To estimate stability, this method considers market values and economic sharing considerations.
With the suggested method, the suggestion ratio, assessment rate, formative construct, sharing ratio, and analysis time savings were enhanced.

5. Conclusions

This article has introduced a conservative regulation approach using artificial intelligence to provide sustainable economic development through a shared economy. Economic regulations and modifications are implied to retain sustainability across varying market standards. Improvements are sustainable since they account for market fluctuations, stock prices, and investor opinions. Adapting improvements requires consideration of many perspectives across legislation. The conservative regulation approach (CRA) makes use of machine learning. The suggested method uses convolutional learning for better economic distribution and long-term viability. Non-tractable regulations and recurring knowledge were used to verify the system’s stability. Current economic sharing and applied limits were used to train the suggested technique. Available information on sharing and suggestions led to growth and guided the preparation of the learning process.
Unlike conventional stabilization, the principles were modified using multiple economically viable points. The development recommendations were validated using a convolutional neural network to prevent failures and tradeoffs. The learning process analyzed the economic ratio’s minimum and maximum sustainability features. The training was initiated for a less-sharable economic balance, reducing modifications. Depending on the recommendation modification probability, the variations were suppressed to confine analysis time. This process was pursued in the training phase for the observed probability series. By understanding market demands, identifications were performed and sustainability outputs were achieved. For varying modifications, the proposed CRA-AI improved the recommendation ratio by 9.65%, the analysis rate by 15.28%, the sustainability factor by 11.05%, the sharing ratio by 11.25%, and reduced the analysis time by 10.42%. Recognizing that as some forms of contemporary innovation such as the Internet of Things, big data, and cloud computing become increasingly mature, they will also contribute to harnessing innovation’s positive potential in addressing sustainable development goals in the future. This study only considers the US economy. In a future study, a different region of the world will be investigated for sustainable economic development through a shared economy.

Author Contributions

All authors (Z.W., W.Z. and A.Y.) contributed equally. All authors have read and agreed to the published version of the manuscript.

Funding

The National Social Science Fund Project “Research on the Legal Regulation of Data Collusion” (20FFXB066), the phased achievement of the “Data Collusion Prevention and Control” of the Henan Provincial Innovation Team.

Institutional Review Board Statement

Not applicable.

Informed Consent Statement

Not applicable.

Data Availability Statement

Data sharing does not apply to this article as no datasets were generated or analyzed during the current study.

Conflicts of Interest

There is no potential competing interest in our paper. And all authors have seen the manuscript and approved it for submission. We confirm that the manuscript’s content has not been published or submitted for publication elsewhere.

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Figure 1. Proposed CRA-AI Approach.
Figure 1. Proposed CRA-AI Approach.
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Figure 2. Probability estimation using CNN.
Figure 2. Probability estimation using CNN.
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Figure 3. Development recommendation (modification-based).
Figure 3. Development recommendation (modification-based).
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Figure 4. Recurrent CNN training for S s .
Figure 4. Recurrent CNN training for S s .
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Figure 5. S s and   St v for varying   M .
Figure 5. S s and   St v for varying   M .
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Figure 6. Recommendation ratio comparisons.
Figure 6. Recommendation ratio comparisons.
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Figure 7. Analysis rate comparisons.
Figure 7. Analysis rate comparisons.
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Figure 8. Sustainability factor comparisons.
Figure 8. Sustainability factor comparisons.
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Figure 9. Sharing ratio comparisons.
Figure 9. Sharing ratio comparisons.
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Figure 10. Analysis time comparisons.
Figure 10. Analysis time comparisons.
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Table 1. M and R M Requirements.
Table 1. M and R M Requirements.
YearQuarterCumulative Economic Products S s M ( % ) R M ( % )
2013Q1870.3457.6170.08
Q2930.4254.4271.25
Q3860.5156.9873.69
Q4910.4854.5872.58
2014Q11140.5655.7478.58
Q21020.5952.4781.25
Q31190.6153.6975.14
Q41200.3956.3683.69
2015Q11680.6855.2385.47
Q21780.7251.3682.36
Q32470.6448.9680.14
Q42690.7141.2682.36
2016Q12470.6931.5889.56
Q23640.7528.9784.25
Q33890.8125.4785.69
Q44150.7921.6988.61
2017Q14680.8151.4890.25
Q24890.9236.2591.54
Q34750.8932.5489.47
Q44860.9228.9692.14
2018Q14980.7825.6991.25
Q24580.7227.4893.65
Q33690.5828.6994.18
Q44210.9125.8992.36
2019Q1503118.5193.65
Q2499118.5194.12
Q34690.8921.4593.25
Q44710.7222.5194.41
Table 2. Sustainability Feature for Cumulative Products.
Table 2. Sustainability Feature for Cumulative Products.
YearsQuarterCumulative Products S t v S f ( R , t ) C p
2013Q186−0.06520.5921
Q492
2014Q1112−0.09670.6815
Q4124
2015Q1132−0.1020.4912
Q4147
2016Q1269−0.3130.5225
Q4392
2017Q1341−0.1140.6127
Q4385
2018Q1412−0.1380.7231
Q4478
2019Q15030.02780.8839
Q4489
Table 3. Comparative Analysis for Varying Regulations.
Table 3. Comparative Analysis for Varying Regulations.
MetricsDO-kOnSTFCMPCRA-AI
Recommendation Ratio78.1585.1389.5994.336
Analysis Rate (per N)136173215253
Sustainability Factor0.5750.6760.7670.8832
Sharing Ratio79.7585.9690.3997.272
Analysis Time (ms)2428.991915.811544.62748.347
Table 4. Comparative Analysis for Varying Modifications.
Table 4. Comparative Analysis for Varying Modifications.
MetricsDO-kOnSTFCMPCRA-AI
Recommendation Ratio78.1785.7789.9494.279
Analysis Rate (per N)136174217253
Sustainability Factor0.5650.6660.7510.8816
Sharing Ratio79.4285.2990.6996.383
Analysis Time (ms)2375.992071.41495.81741.113
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Wu, Z.; Zhou, W.; Yu, A. Analysis of a Legal Regulation Approach and Strategy of a Sharing Economy Based on Technological Change and Sustainable Development. Sustainability 2023, 15, 1056. https://doi.org/10.3390/su15021056

AMA Style

Wu Z, Zhou W, Yu A. Analysis of a Legal Regulation Approach and Strategy of a Sharing Economy Based on Technological Change and Sustainable Development. Sustainability. 2023; 15(2):1056. https://doi.org/10.3390/su15021056

Chicago/Turabian Style

Wu, Zixi, Wen Zhou, and Aisi Yu. 2023. "Analysis of a Legal Regulation Approach and Strategy of a Sharing Economy Based on Technological Change and Sustainable Development" Sustainability 15, no. 2: 1056. https://doi.org/10.3390/su15021056

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