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Competition in Sharing Economy: A Literature Review
- 1 Zhejiang university, 866 Yuhangtang Road, Xihu District, Hangzhou, Zhejiang, China
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Abstract
The objective of this paper is to review the extant literature on competition within the sharing economy. In recent years, the rapid expansion of the sharing economy has produced both positive and negative effects, particularly on traditional industries. This study examines the advantages and disadvantages brought about by the sharing economy and the competitive pressures it imposes on traditional firms. Faced with these challenges, traditional companies must adopt strategies to enhance their competitive capabilities. Drawing on a broad range of literature, this paper also discusses comprehensive responses that may assist traditional industries in adapting to the rise of the sharing economy. Additionally, the study underscores the pivotal role of government regulation in moderating competition in the sharing economy. It explores the potential consequences of inadequate regulatory oversight and proposes actionable measures that governments can implement to address these competitive dynamics. The paper concludes by offering implications for future research and practical insights for both policy and industry stakeholders.
Keywords
sharing economy, competition, sharing platforms, traditional industries, government intervention
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Cite this article
Liu,D. (2024). Competition in Sharing Economy: A Literature Review. Advances in Economics, Management and Political Sciences,131,27-33.
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