The Sharing Economy : The Case Of Uber

Uber Technologies, Inc. was founded in 2009 by Travis Kalanik and Garrett Camp as a way to solve their own transportation problems in the traffic congested city of San Francisco where it is still based and headquartered. Uber Technologies offers an on demand car service application for smartphone users that links drivers with people needing a ride. According to Jim Makos of Pestle Analysis “It brilliantly connects the transportation industry with technology via its ride-sharing app.” With the click of a button on the application you can summons a vehicle of your choice see your rate, pay

Ciccone, Alicia. "The Sharing Economy." The Huffington Post. TheHuffingtonPost.com, 05 Sept. 2012. Web. 01 July 2013. http://www.huffingtonpost.com/2012/09/05/the-sh

The sharing economy has its perks however also its inconveniences. Mary Dejevsky is the writer of “Uber and the “sharing economy” are leaps into the past, not the future”, and in the text she speaks on the downside of the sharing economy. “There are questions, too, about quality of life and fairness. What recourse do you have if you are a tenant or home-owner disturbed by anti-social short-stayers? If you are a neighbor woken by driveway customers slamming their doors at 6am? If pollution is increased by the many more cars plying for hire? If wages are further depressed by casualization?”, Dejevsky lists various of problems that people face or could face now that sharing economy is becoming a global thing. All the things she mentions are pretty

This report focuses on the current issues in the hospitality industry. In this topic, we study Airbnb, a sharing economy pioneer offering short-term accommodation and we are going to discuss how Airbnb is affecting the current hospitality industry. Collating data from Airbnb and the various hotel industry, we estimated the impact of Airbnb’s entry into the current market on various hotel room revenue, and found out the market response of the various hotels. Collating data from Airbnb and the various hotel industry, we identify what causes Airbnb’s impact on the hotel room revenue, we use a methodology strategy that derive benefit from the belonging of space and time variations patterns of Airbnb across city-level markets. We estimate

Employment received a hard hit by the recession, but this “gig economy” has been able to provide job openings that are in need. According to a recent study, jobs in the gig economy has grown from 9 to 14% from 2002 to 2014, compared to overall employment which only grew around 7%. Moreover, the gig economy has also had an impact in the current economy, specifically coming from the famous startups such as Uber and Lyft. The Uber and

Sharing economy is a business and a service built around sharing and renting assets, where the technology has a big involvement, as it’s used as communication between the renter and the borrower. Sharing economy has its advantages and disadvantages, and Suzanne Bearne, Catharine Hamm and Mary Dejevsky are 3 writers that express their knowledge and views relating to the topic of sharing economy.

I've been using Uber since it's inception and have utilized the ride-hailing service in several major cities. Uber is celebrating its fifth anniversary and is valued around $50 billion by investors.

There has been a lot of controversy over the Uber and Taxi debate. There have been state and country headlines on how Uber is taking away Taxi drives’ customers; that Uber is not as safe and reliant as Taxi drivers. In some instances, there are areas that have banned Uber altogether. This technology company claims that they are only putting individuals in touch with a business, like the yellow pages, and should not be held to the same liabilities and standards as the Taxi cab drivers. There are many things that make them similar and there are many things that differentiate them.

As people are finding it harder to land jobs straight out of college, we are beginning to see a dip in ownership and a rise in collaborative consumption, the communal sharing of goods and services. Collaborative consumption is essentially an extravagant word for renting, and as young people are finding life to be more expensive than they once thought, renting seems to be the only option for many urban Americans.(HOOK) Collaborative consumption has been on the rise ever since the introduction of the World Wide Web when innovative companies such as Napster have stepped into the limelight and revolutionized the way we lived our lives. Rather than having to harry pounds of CD’s and cassette tapes, one could quickly download their favorite songs

While such hesitancy and anxiety are understandable during the initial emergence of a disruptive technology, the multifamily industry might be better served to embrace the reality of Airbnb and the sharing economy. The potential economic benefits for both owners and residents are just too powerful, and the risk of not embracing it is

The third tool chosen to analyze the research question, “to what extent have Uber's attempts to penetrate the Vancouver taxi market been hindered by the impact of

Now that the most common claims and rumors about the sharing economy were discussed in a bit more detail, and some advantages and disadvantages were already identified, the following chapter takes again a closer look at them. The purpose of this chapter is primarily directed towards the possibility to predict the future, since depending on which side outweighs the other, the future prognosis will correspondingly modify. In the following, by and large, a distinction between the different types of the sharing economy will not be made, it is intended to serve as an overall overview. Above all, Uber and Airbnb, as the probably most well-known platform providers, are often used for illustrative purposes.

Airbnb, an online peer-to-peer platform founded in August 2008 and headquartered in San Francisco, enables hosts to list and rent out their own residential properties to visitors. This online platform not only offers visitors with cheaper accommodation while connecting them with local communities, but also benefits hosts financially by renting out part or all of their properties. However, while the consequence of sharing economy is positive to both visitors and hosts, there is no doubt that traditional industry such as hotel business has been affected in a negative way. As a result, Airbnb is not only under attack from the hotel industry and individuals who want to rent apartments in longer terms, but also is opposed by city authorities in terms of local housing laws, regulations and tax issues. According to recent news released on Financial Times, the New York Governor Andrew Cuomo signed a law that would impose fines on hosts who advertise short-term rentals on Airbnb, which the governor considered as a violation of current state law.

I appreciated your comments regarding the use of Uber as a form of transportation for the elderly to get to their appointment. One barrier to seniors is that the cost of taking this form of transportation can get expensive. There are alternative forms of transportation for the elderly in Baltimore County. There is mobility service through the MVA for those who are disabled or unable to ride a traditional bus. They offer curb to curb service. There is County Ride, which provides specialized transportation services to Baltimore County residents 60 years of age or older, persons with disabilities ages 18 to 59, and rural residents of all ages (Baltimore County Government, 2016). Destinations include medical appointments, shopping and other general

For big cities like London, there is certainly a need to regulate the market for rentals to prevent worsening shortage in rental housing. However, regulating Airbnb more strictly may not improve rental housing prospects as expected. There are other causes to this issue, least of which is Airbnb’s share economy methodology. Below I will outline the context surrounding the core issue of rental housing shortage, the role of Airbnb, and present my inference that regulating Airbnb more strictly will not solve the core issue. Alternate solutions that tackle basic income, property rights, and regulation of land and construction may be more suitable.