Munger, Michael C.
Tomorrow 3.0 : transaction costs and the sharing economy - Cambridge, UK : Cambridge University Press , 2018 . - 173 pages - Cambridge studies in economics, choice, and society .
Includes bibliographical references (pages 154-168) and index.
"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'"-- "There is a lovely apocryphal story, generally told about Dwight D. Eisenhower during his time as president of Columbia University: The school was growing, necessitating an expansion of the campus, which produced a very hot dispute between two groups of planners and architects about where the sidewalks should go"--
9781108427081 (hardback) 9781108447348 (paperback)
2017054442
Transaction costs--economics--work--division of labor
Cooperation
HB846.3 / .M86 2018
338.51
Tomorrow 3.0 : transaction costs and the sharing economy - Cambridge, UK : Cambridge University Press , 2018 . - 173 pages - Cambridge studies in economics, choice, and society .
Includes bibliographical references (pages 154-168) and index.
"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'"-- "There is a lovely apocryphal story, generally told about Dwight D. Eisenhower during his time as president of Columbia University: The school was growing, necessitating an expansion of the campus, which produced a very hot dispute between two groups of planners and architects about where the sidewalks should go"--
9781108427081 (hardback) 9781108447348 (paperback)
2017054442
Transaction costs--economics--work--division of labor
Cooperation
HB846.3 / .M86 2018
338.51