The Collaborative Economy: A Disruptive Innovation or Much Ado about Nothing?

Michel Avital, Magnus Andersson, Jeffrey Nickerson, Arun Sundararajan, Marshall Van Alstyne, Deb Verhoeven

    Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearchpeer-review

    Abstract

    An economy based on the exchange of capital, assets and services between individuals has grown significantly, spurred by proliferation of internet-based platforms that allow people to share underutilized resources and trade with reasonably low transaction costs. The movement toward this economy of “sharing” translates into market efficiencies that bear new products, reframe established services, have positive environmental effects, and may generate overall economic growth. This emerging paradigm, entitled the collaborative economy, is disruptive to the conventional company-driven economic paradigm as evidenced by the large number of peer-to-peer based services that have captured impressive market shares sectors ranging from transportation and hospitality to banking and risk capital. The panel explores economic, social, and technological implications of the collaborative economy, how digital technologies enable it, and how the massive sociotechnical systems embodied in these new peer platforms may evolve in response to the market and social forces that drive this emerging ecosystem.
    An economy based on the exchange of capital, assets and services between individuals has grown significantly, spurred by proliferation of internet-based platforms that allow people to share underutilized resources and trade with reasonably low transaction costs. The movement toward this economy of “sharing” translates into market efficiencies that bear new products, reframe established services, have positive environmental effects, and may generate overall economic growth. This emerging paradigm, entitled the collaborative economy, is disruptive to the conventional company-driven economic paradigm as evidenced by the large number of peer-to-peer based services that have captured impressive market shares sectors ranging from transportation and hospitality to banking and risk capital. The panel explores economic, social, and technological implications of the collaborative economy, how digital technologies enable it, and how the massive sociotechnical systems embodied in these new peer platforms may evolve in response to the market and social forces that drive this emerging ecosystem.
    LanguageEnglish
    Title of host publicationProceedings of the 35th International Conference on Information Systems. ICIS 2014
    EditorsElena Karahanna, Ananth Srinivasan, Bernard Tan
    Number of pages7
    Place of PublicationAtlanta, GA
    PublisherAssociation for Information Systems. AIS Electronic Library (AISeL)
    Date2014
    StatePublished - 2014
    EventThe 35th International Conference on Information Systems. ICIS 2014: Building a Better World through Information Systems - The University of Auckland Business School, Auckland, New Zealand
    Duration: 14 Dec 201417 Dec 2014
    Conference number: 35
    http://icis2014.aisnet.org/

    Conference

    ConferenceThe 35th International Conference on Information Systems. ICIS 2014
    Number35
    LocationThe University of Auckland Business School
    CountryNew Zealand
    CityAuckland
    Period14/12/201417/12/2014
    Internet address
    SeriesProceedings of the International Conference on Information Systems
    ISSN0000-0033

    Keywords

      Cite this

      Avital, M., Andersson, M., Nickerson, J., Sundararajan, A., Van Alstyne, M., & Verhoeven, D. (2014). The Collaborative Economy: A Disruptive Innovation or Much Ado about Nothing? In E. Karahanna, A. Srinivasan, & B. Tan (Eds.), Proceedings of the 35th International Conference on Information Systems. ICIS 2014 Atlanta, GA: Association for Information Systems. AIS Electronic Library (AISeL). Proceedings of the International Conference on Information Systems
      Avital, Michel ; Andersson, Magnus ; Nickerson, Jeffrey ; Sundararajan, Arun ; Van Alstyne, Marshall ; Verhoeven, Deb. / The Collaborative Economy : A Disruptive Innovation or Much Ado about Nothing?. Proceedings of the 35th International Conference on Information Systems. ICIS 2014. editor / Elena Karahanna ; Ananth Srinivasan ; Bernard Tan. Atlanta, GA : Association for Information Systems. AIS Electronic Library (AISeL), 2014. (Proceedings of the International Conference on Information Systems).
      @inproceedings{3be315f9b9ea45a1a0372da97548fc7e,
      title = "The Collaborative Economy: A Disruptive Innovation or Much Ado about Nothing?",
      abstract = "An economy based on the exchange of capital, assets and services between individuals has grown significantly, spurred by proliferation of internet-based platforms that allow people to share underutilized resources and trade with reasonably low transaction costs. The movement toward this economy of “sharing” translates into market efficiencies that bear new products, reframe established services, have positive environmental effects, and may generate overall economic growth. This emerging paradigm, entitled the collaborative economy, is disruptive to the conventional company-driven economic paradigm as evidenced by the large number of peer-to-peer based services that have captured impressive market shares sectors ranging from transportation and hospitality to banking and risk capital. The panel explores economic, social, and technological implications of the collaborative economy, how digital technologies enable it, and how the massive sociotechnical systems embodied in these new peer platforms may evolve in response to the market and social forces that drive this emerging ecosystem.",
      keywords = "Collaborative economy, Sharing economy, Sharing society, Circular economy, Disruptive innovation, Collaborative consumption, Collaborative technologies, Economic impact, Social impact",
      author = "Michel Avital and Magnus Andersson and Jeffrey Nickerson and Arun Sundararajan and {Van Alstyne}, Marshall and Deb Verhoeven",
      year = "2014",
      language = "English",
      editor = "Elena Karahanna and Ananth Srinivasan and Bernard Tan",
      booktitle = "Proceedings of the 35th International Conference on Information Systems. ICIS 2014",
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      Avital, M, Andersson, M, Nickerson, J, Sundararajan, A, Van Alstyne, M & Verhoeven, D 2014, The Collaborative Economy: A Disruptive Innovation or Much Ado about Nothing? in E Karahanna, A Srinivasan & B Tan (eds), Proceedings of the 35th International Conference on Information Systems. ICIS 2014. Association for Information Systems. AIS Electronic Library (AISeL), Atlanta, GA, Proceedings of the International Conference on Information Systems, The 35th International Conference on Information Systems. ICIS 2014, Auckland, New Zealand, 14/12/2014.

      The Collaborative Economy : A Disruptive Innovation or Much Ado about Nothing? / Avital, Michel; Andersson, Magnus; Nickerson, Jeffrey; Sundararajan, Arun; Van Alstyne, Marshall; Verhoeven, Deb.

      Proceedings of the 35th International Conference on Information Systems. ICIS 2014. ed. / Elena Karahanna; Ananth Srinivasan; Bernard Tan. Atlanta, GA : Association for Information Systems. AIS Electronic Library (AISeL), 2014.

      Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearchpeer-review

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      AU - Van Alstyne,Marshall

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      KW - Sharing economy

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      KW - Collaborative consumption

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      Avital M, Andersson M, Nickerson J, Sundararajan A, Van Alstyne M, Verhoeven D. The Collaborative Economy: A Disruptive Innovation or Much Ado about Nothing? In Karahanna E, Srinivasan A, Tan B, editors, Proceedings of the 35th International Conference on Information Systems. ICIS 2014. Atlanta, GA: Association for Information Systems. AIS Electronic Library (AISeL). 2014. (Proceedings of the International Conference on Information Systems).