Sticky Norms, Endogenous Preferences, and Shareable Goods

Bibliographic Data

ID9255983
AuthorsAnders Fremstad (0000-0002-8972-2223, Colorado State University, corresponding author)
Year2016
Volume74
Issue2
Pages194-214
Publication date2016-04-02
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueReview of Social Economy (JOURNAL)
Journal identifiersISSN: 0034-6764 • E-ISSN: 1470-1162
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/00346764.2015.1089107
OpenAlexW2337668586
LanguageEN
Citations received6
References cited17

The Internet has reduced the cost of borrowing and lending “shareable goods,” including tools, gear, toys, lodging, and vehicles. Online platforms can better match people with underutilized goods, but it may take time for people to develop sticky norms and endogenous preferences that are conducive to greater peer-to-peer sharing. This study estimates the current and potential value of sharing items across households. Data from the General Social Survey, the website NeighborGoods, and a new survey show that peer-to-peer borrowing is already worth at least $179 a year for 30% of Americans. Spending on shareable goods provides an upper bound on the potential gains from sharing. The consumer expenditure survey reveals that the average household spends $9,090 each year on shareable goods. Private vehicles account for 80% of these expenses, which suggests that the largest opportunities may be in greater car-sharing and ride-sharing

Business · Consumer Expenditure Survey · Economics · Information good · Microeconomics · Public economics · Public good · Sharing economy · Survey data collection · The Internet · Value (mathematics) · World Wide Web · Computer Science · Digital Economy and Work Transformation · Marketing · Sharing Economy and Platforms · Transportation and Mobility Innovations

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