Tomorrow 3.0

Transaction Costs and the Sharing Economy

By:

Michael C. Munger

Format:

Hardback

Series:

Cambridge Studies in Economics, Choice and Society

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Description

With the growing popularity of apps such as Uber and Airbnb, there has been a keen interest in the rise of the sharing economy. Michael C. Munger brings these new trends in the economy down to earth by focusing on their relation to the fundamental economic concept of transaction costs. In doing so Munger brings a fresh perspective on the 'sharing economy' in clear and engaging writing that is accessible to both general and specialist readers. He shows how, for the first time, entrepreneurs can sell reductions in transaction costs, rather than reductions in the costs of the products themselves. He predicts that smartphones will be used to commodify excess capacity, and reaches the controversial conclusion that a basic income will be required as a consequence of this new 'transaction costs revolution'.

Author Biography:

Michael C. Munger is a Professor in the Department of Political Science and the Department of Economics at Duke University, North Carolina. He studied for a Ph.D. under Barry Weingast and Douglass North (1993 Nobel Prize) at Washington University in St Louis. After working at the US Federal Trade Commission, Munger taught at Dartmouth, Texas, and North Carolina before moving to Duke in 1997. He edited the journal Public Choice from 2005–2009.

Release date NZ

March 22nd, 2018

Author

Michael C. Munger

Audiences

General (US: Trade)
Professional & Vocational

Illustrations

Worked examples or Exercises; 2 Halftones, black and white; 4 Line drawings, black and white

Pages

188

Series

Cambridge Studies in Economics, Choice and Society

Dimensions

157x235x16

ISBN-13

9781108427081

Product ID

27305118

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