Effects of Collaborative Economy: A Reflection
Abstract
:1. Introduction
2. Literature Review
2.1. Main Sectors Affected
- Patronage model: the sponsors play an altruistic role, without expecting any concrete compensation for their contribution.
- Loan model: the funds are offered as loans, with the hope of obtaining a profit and return on capital.
- Reward model: rewards are very common and may consist of being mentioned in a film, participating in the creation of a product, knowing the authors of a specific project, or having access to the product in advantageous conditions.
- Business participation model (‘equity crowdfunding’): investors acquire the status of partners in the project.
2.2. Implications of Collaborative Economy
2.2.1. Economics Effects
2.2.2. Social Effects
2.2.3. Environmental Effects
3. Conclusions
Author Contributions
Funding
Conflicts of Interest
References
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Purpose/Role | Definition | Examples |
---|---|---|
For profit | For-profit entities that carry out purchase/sale, rental, loan, exchange, or gift/donation activities with the help of information technologies that significantly reduce transaction costs and facilitate exchanges between strangers. | International:
Local:
|
Non-profit | Like profit companies, but actors are non-profit, that is, their main motivation is to advance their mission and/or purpose. |
|
Social Enterprise/Co-operative/B Corp | Like non-profit entities, with the exception that social and environmental motivations have priority over economic profit. In cooperatives, ownership is shared. |
|
Community | Actors focused on the local and/or neighbourhood levels, with a variety of legal structures, although non-profit entities and informal models are the most common. Most transactions are not monetised. The use of information technologies is more modest, with an emphasis on contact and human relationships. Often explicitly, one of its purposes is to achieve sustainability at the local level. |
|
Public sector | Unlike the cases above, public sector entities are subject to rigorous standards of responsibility, transparency, and legitimacy. They can use their most sophisticated infrastructure to support or arrange agreements with other players to promote new ways of sharing, although they have to meet the interests of citizens and governing bodies. |
|
Dimension | Airbnb | Couchsurfing |
---|---|---|
Transaction | Market | Free |
Business approach | Profit-driven | Mission-driven |
Governance Model | Corporate | Collaborative |
Platform Type | Business to crowd | Peer-to-peer (P2P) |
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Menor-Campos, A.; García-Moreno, M.d.l.B.; López-Guzmán, T.; Hidalgo-Fernández, A. Effects of Collaborative Economy: A Reflection. Soc. Sci. 2019, 8, 142. https://doi.org/10.3390/socsci8050142
Menor-Campos A, García-Moreno MdlB, López-Guzmán T, Hidalgo-Fernández A. Effects of Collaborative Economy: A Reflection. Social Sciences. 2019; 8(5):142. https://doi.org/10.3390/socsci8050142
Chicago/Turabian StyleMenor-Campos, Antonio, María de los Baños García-Moreno, Tomás López-Guzmán, and Amalia Hidalgo-Fernández. 2019. "Effects of Collaborative Economy: A Reflection" Social Sciences 8, no. 5: 142. https://doi.org/10.3390/socsci8050142
APA StyleMenor-Campos, A., García-Moreno, M. d. l. B., López-Guzmán, T., & Hidalgo-Fernández, A. (2019). Effects of Collaborative Economy: A Reflection. Social Sciences, 8(5), 142. https://doi.org/10.3390/socsci8050142