I spoke at yesterday’s Social Data Revolution class on Trust & Identity at Berkeley University on behalf of Airbnb. The class also had speakers from Uber and Reddit. You can see the live recording on youtube.
“…below-median income consumers will enjoy a disproportionate fraction of eventual welfare gains from this kind of ‘sharing economy’ through broader inclusion, higher quality rental-based consumption, and new ownership facilitated by rental supply revenues…”.
Commentators, such as Mashable, of the paper write that, while historically emphasis has been placed on the benefits to the consumer of increased access to higher quality products, this study looks at the other side of the equation and identifies short term and long term benefits to the suppliers also.
It remains to be seen if these benefits really hold in the longer term and can be sustained as momentum in the sharing economy gathers. Moreover, if these companies move towards IPO, then it is unclear how the pressure of shareholders will sit these positive effects.