(DOWNLOAD) Tomorrow 3.0: Transaction Costs and the Sharing Economy (Cambridge Studies in

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Tomorrow 3.0 Transaction Costs and the Sharing
Economy (Cambridge Studies in Economics, Choice,
and Society)
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Tomorrow 3.0 Transaction Costs and the Sharing
Economy (Cambridge Studies in Economics, Choice,
and Society)
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3.0 Transaction Costs and the Sharing Economy
(Cambridge Studies in Economics, Choice, and
Society) READ MAGAZINE
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Description
With the growing popularity of apps such as Uber
and Airbnb, there has been a keen interest in the
rise of the sharing economy. Michael C. Munger
brings these new trends in the economy down to
earth by focusing on their relation to
the fundamental economic concept of transaction
costs. In doing so Munger brings a fresh
perspective on the 'sharing economy' in clear and
engaging writing that is accessible to both
general and specialist readers. He shows how, for
the first time, entrepreneurs can sell reductions
in transaction costs, rather than reductions in
the costs of the products themselves. He predicts
that smartphones will be used to commodify
excess capacity, and reaches the controversial
conclusion that a basic income will be required
as a consequence of this new 'transaction costs
revolution'.
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Tomorrow 3.0 Transaction Costs and the
Sharing Economy (Cambridge Studies in Economics,
Choice, and Society)