Sharing Economy: The new economic institution

Authors

Abstract

Abstract

Sharing Economy is a new economic institution. This conclusion was reached from a thorough analysis of institutional theory and Schumpeter's proposal on consumption and technological revolutions. This is not a minor issue given its current importance and users’ trend, due to its institutionalization, towards the use of digital platforms for obtaining products and services. These platforms, called peer to peer or p2p, reduce uncertainty and build trust between the parties, while providing decision elements and analysis information. The platforms one of the key elements of this institution. The text deals with the main authors on collaborative consumption, their institutional status and their existence as a mechanism that allows addressing the social optimum, the super decisive agent of Harsanyi and the forms of consumption.

Keywords: collaborative consumption, Sharing Economy, institutions, fifth technological revolution, Schumpeter, Veblen

JEL codes: O3, B24, B25, B52, Z13

Author Biographies

Libardo Acosta, Universidad Nacional de Colombia, Palmira, Valle del Cauca, Colombia.

Student of the Master in Administration and researcher of the Grupo de Estudios Neoinstitucionales (GEN) of the Universidad Nacional de Colombia - Sede Palmira. Business administrator, researcher on issues of Sharing economy and public policies

Carlos Tello-Castrillón, Universidad Nacional de Colombia, Palmira, Valle del Cauca, Colombia

Associate professor at the National University of Colombia-Palmira Headquarters. Doctor in Engineering Industry and Organizations from the Universidad Nacional de Colombia - Sede Manizales. mba, economist and business administrator from Universidad del Valle. Arturo Díaz Alonso Research Award from the Universidad Nacional Autónoma de Mexico. Member of the Network of the Center for Research and High Legislative Studies (cael network) of the Congress of the Republic of Colombia.

Jose Londoño-Cardozo, Universidad Nacional de Colombia, Palmira, Valle del Cauca, Colombia

Business Administrator and researcher at the Grupo de Estudios Neoinstitucionales (GEN) of the Universidad Nacional de Colombia - Sede Palmira. Industrial technologist from the Santiago de Cali University. Research professional at PMI Pacífico Colombia Chapter. Speaker and author of several articles, chapters and research books on entrepreneurship, social responsibility, creative economy, sharing economy, public policy and marketing.

Luisa Fernanda Rengifo Pasiminio, Universidad Nacional de Colombia, Palmira, Valle del Cauca, Colombia.

Business Administration student and researcher at the Neoinstitutional Studies Group (GEN) of the Universidad Nacional de Colombia – Sede Palmira.

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Published

2022-05-27

How to Cite

ACOSTA, L.; TELLO-CASTRILLÓN, C.; LONDOÑO-CARDOZO, J.; PASIMINIO, L. F. R. Sharing Economy: The new economic institution. Nova Economia, [S. l.], v. 32, n. 1, p. 205–230, 2022. Disponível em: https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/6508. Acesso em: 17 jul. 2024.

Issue

Vol. 32 No. 1 (2022): Revista Nova Economia

Section

Regular Issue

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Copyright (c) 2022 Libardo Acosta, Carlos Tello-Castrillón, Jose Londoño-Cardozo, Luisa Fernanda Rengifo Pasiminio

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