Sharing economy: seeing through the fog

Purpose The purpose of this paper is to delineate the current state of the art of sharing economy (SE) research and practice. It provides a new framework to help managers and academics to consider this field with the right managerial and theoretical lenses. Design/methodology/approach A systematic literature on the SE was conducted, resulting in the analysis of 114 articles in the management literature. This was completed by the empirical investigations of business model and industry of 32 members of three national associations promoting SE: SE UK, Ireland and Denmark. Findings Papers dealing with SE themes focus on consumers’ motivations, impact on the society, market and policy, as well as the revenue model. SE businesses can be differentiated depending on whether their assets are new or re-used and the transaction is permanent or temporary. Based on this matrix, the study reveals four archetypes of SE businesses: “on-demand renters,” “lifecycle extenders,” “seller aggregators” and “ephemeral matchmakers.” Research limitations/implications The paper outlines a significant gap between what is current focus of the academic literature and the reality of SE purposes and businesses. This provides goals for future research. Practical implications The framework and clustering of business model archetypes may help managers and entrepreneurs dealing with SE to better understand the underlying value drivers behind those business models. Originality/value There are some discrepancies between the SE themes emerging from the management literature and the business model diversity of SE companies. This research aims at helping scholars and managers to position themselves in the field.

[1]  M. Laroche,et al.  What managers should know about the sharing economy , 2017 .

[2]  R. Verganti Overcrowded: Designing Meaningful Products in a World Awash with Ideas , 2017 .

[3]  D. Tranfield,et al.  Towards a Methodology for Developing Evidence-Informed Management Knowledge by Means of Systematic Review , 2003 .

[4]  R. Belk Sharing without caring , 2017 .

[5]  Srinivas Sridharan,et al.  Understanding consumption and entrepreneurship in subsistence marketplaces , 2010 .

[6]  Marina Apaydin,et al.  A Multi-Dimensional Framework of Organizational Innovation: A Systematic Review of the Literature , 2010 .

[7]  A. Fayolle,et al.  A systematic literature review on entrepreneurial intentions: citation, thematic analyses, and research agenda , 2015, International Entrepreneurship and Management Journal.

[8]  Francis Heylighen,et al.  Towards an intelligent network for matching offer and demand: From the sharing economy to the global brain , 2017 .

[9]  Yochai Benkler,et al.  Peer production, the commons, and the future of the firm , 2017 .

[10]  D. Trabucchi,et al.  Data-driven innovation: switching the perspective on Big Data , 2019, European Journal of Innovation Management.

[11]  Mark-Philipp Wilhelms,et al.  Yours, mine, and ours: A user-centric analysis of opportunities and challenges in peer-to-peer asset sharing , 2017 .

[12]  Ludo Waltman,et al.  Visualizing Bibliometric Networks , 2014 .

[13]  J. Mair,et al.  Capturing the dynamics of the sharing economy: Institutional research on the plural forms and practices of sharing economy organizations , 2017 .

[14]  Jehoshua Eliashberg,et al.  The consumers' rent vs. buy decision in the rentailer , 2009 .

[15]  Ed C. M. Noyons,et al.  A unified approach to mapping and clustering of bibliometric networks , 2010, J. Informetrics.

[16]  L. Gritzo,et al.  Success Factors in R&D Leadership , 2017 .

[17]  J. Pinkse,et al.  Promises and paradoxes of the sharing economy: An organizing framework , 2017 .

[18]  Daniel A. Guttentag,et al.  Assessing Airbnb as a disruptive innovation relative to hotels: Substitution and comparative performance expectations , 2017 .

[19]  Ioanna D. Constantiou,et al.  Four Models of Sharing Economy Platforms , 2017, MIS Q. Executive.

[20]  Ralf Wilden,et al.  A bibliometric review of open innovation: setting a research agenda , 2016 .

[21]  C. Williams,et al.  Regulating the sharing economy to prevent the growth of the informal sector in the hospitality industry , 2017 .

[22]  I. Sántha,et al.  Different Risks, Different Biographies: The Roles of Reversibility for Buryats and Circularity for Evenki People , 2010 .

[23]  Rosanna Garcia,et al.  Consumer resistance to innovation—a behavioral reasoning perspective , 2015 .

[24]  Boyd Cohen,et al.  Mapping out the sharing economy: A configurational approach to sharing business modeling , 2017 .

[25]  H. Varian,et al.  The Art of Standards Wars , 1999 .

[26]  A. Neely,et al.  Networking and Innovation: A Systematic Review of the Evidence , 2004 .

[27]  Shuai Yang,et al.  Why are Customers Loyal in Sharing-Economy Services? A Relational Benefits Perspective , 2016 .

[28]  Ram Gopal Raj,et al.  A systematic literature review on opinion types and sentiment analysis techniques: Tasks and challenges , 2017, Internet Res..

[29]  Ml Retamal,et al.  Product-service systems in Southeast Asia: Business practices and factors influencing environmental sustainability , 2017 .

[30]  J. Rochet,et al.  Platform competition in two sided markets , 2003 .

[31]  R. Belk Why Not Share Rather Than Own? , 2007 .

[32]  Alain Yee-Loong Chong,et al.  Why people participate in the sharing economy: an empirical investigation of Uber , 2018, Internet Res..

[33]  A. Gregory,et al.  Understanding public relations in the ‘sharing economy’ , 2017 .

[34]  Sven M. Laudien,et al.  Understanding platform business models: A mixed methods study of marketplaces , 2017, European Management Journal.

[35]  R. Belk Sharing: Table 1 , 2010 .

[36]  J. Rifkin The Zero Marginal Cost Society: The Internet of Things, the Collaborative Commons, and the Eclipse of Capitalism , 2014 .

[37]  Tim Cooper,et al.  What makes a sustainable business model successful? : An empirical comparison of two peer-to-peer goods-sharing platforms , 2018 .

[38]  Daniel J. Veit,et al.  Disentangling the facets of sharing: A categorization of what we know and don't know about the Sharing Economy , 2018, Internet Res..

[39]  V. Chiesa,et al.  Towards a new taxonomy of circular economy business models , 2017 .

[40]  Béatrice Parguel,et al.  Sustainability of the sharing economy in question: When second-hand peer-to-peer platforms stimulate indulgent consumption , 2017 .

[41]  B. Caillaud,et al.  Chicken & Egg: Competition Among Intermediation Service Providers , 2003 .

[42]  John L. Florell,et al.  Sharing , 1979 .

[43]  A. Strauss,et al.  Basics of Qualitative Research , 1992 .

[44]  Michel Laroche,et al.  Materialism and the sharing economy: A cross-cultural study of American and Indian consumers , 2018 .

[45]  Veselina Milanova,et al.  Sharing intangibles: Uncovering individual motives for engagement in a sharing service setting* , 2017 .

[46]  Kurt Matzler,et al.  The sharing economy: Your business model's friend or foe? , 2016 .

[47]  Brendan Richard,et al.  The future of hotel chains , 2016 .

[48]  S. Ram Successful innovation using strategies to reduce consumer resistance: An empirical test , 1989 .

[49]  H. Jansen,et al.  The Logic of Qualitative Survey Research and its Position in the Field of Social Research Methods , 2010 .

[50]  Jochen Wirtz,et al.  Relational Governance Mechanisms and Uncertainties in Nonownership Services , 2016 .

[51]  Christian Sandström,et al.  The sharing economy in social media: Analyzing tensions between market and non-market logics , 2017 .

[52]  Andrei Hagiu,et al.  Multi-Sided Platforms , 2015 .

[53]  Ludo Waltman,et al.  A smart local moving algorithm for large-scale modularity-based community detection , 2013, The European Physical Journal B.

[54]  Elena Pellizzoni,et al.  Give Away Your Digital Services: Leveraging Big Data to Capture Value , 2017 .

[55]  Thomas R. Eisenmann Managing Proprietary and Shared Platforms: A Life-Cycle View , 2007 .

[56]  J. Nicolau,et al.  Price determinants of sharing economy based accommodation rental : a study of listings from 33 cities on Airbnb.com , 2017 .

[57]  C. Shapiro,et al.  Network Externalities, Competition, and Compatibility , 1985 .

[58]  Premium offerings in the sharing economy: Authentic immersions , 2018 .

[59]  J. Mattsson,et al.  Understanding current and future issues in collaborative consumption: A four-stage Delphi study , 2016 .

[60]  A. Gawer Bridging differing perspectives on technological platforms: Toward an integrative framework , 2014 .

[61]  Laura Alcaide-Muñoz,et al.  Understanding e-government research: A perspective from the information and library science field of knowledge , 2015, Internet Res..

[62]  Laurent Muzellec,et al.  Two-sided Internet Platforms: A Business Model Lifecycle Perspective , 2015 .