The DOI matches its Crossref record; 30 of the 30 references it cites were found in a registry or an index.
Peer-to-Peer Markets
Open accessAbstract
Peer-to-peer markets such as eBay, Uber, and Airbnb allow small suppliers to compete with traditional providers of goods or services. We view the primary function of these markets as making it easy for buyers to find sellers and engage in convenient, trustworthy transactions. We discuss elements of market design that make this possible, including search and matching algorithms, pricing, and reputation systems. We then develop a simple model of how these markets enable entry by small or flexible suppliers, and how they impact existing firms. Finally, we consider the regulation of peer-to-peer markets and the economic arguments for different approaches to licensing and certification, data, and employment regulation.
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“First, online gig platforms exhibit enhanced efficiency compared to traditional housekeeping businesses in facilitating key functions, such as matching and supervision processes (e.g., Cramer andKrueger 2016, Einav et al. 2016).”
From Skill-Biased Technical Change, Again? Online Gig Platforms and Local Employment (2025) · cites this paper as Einav et al. 2016
Experimental — accuracy not yet measuredThe source backs part of the claim, not all of it — or backs it for a different population, condition or comparison.
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“Meanwhile, for prospective business owners, although starting a new business carries inherent risks, online gig platforms help mitigate these risks by significantly reducing operational and marketing challenges through efficient matching algorithms and by providing access to an established client base (Einav et al. 2016).”
From Skill-Biased Technical Change, Again? Online Gig Platforms and Local Employment (2025) · cites this paper as Einav et al. 2016
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Citations
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Cited by
Sorted by citations
The Rise of the Sharing Economy: Estimating the Impact of Airbnb on the Hotel Industry
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“Economists emphasized the ability of algorithms and crowd-sourced ratings and reputational information to reduce transaction costs and foster trust, enabling peers to compete in these new markets (Einav et al. 2016, Horton & Zeckhauser 2016, Sundararajan 2016).”
BackgroundPeer-to-peer and community-based markets: A comprehensive review
Sousa, T. M., Soares, T. A., Pinson, P., Moret, F., Baroche, T., & Sorin, E. (2019) · Renewable and Sustainable Energy Reviews · doi:10.1016/j.rser.2019.01.036 · Cited by 941
“P2P and community-based concepts have strongly been applied under a collaborative economy principle(8) as the structure that facilitates the exchange of commons amongst all agents (or peers) [26, 27], and they are rather distinct from the centralized structures seen in some traditional economic sectors.”
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Morstyn, T., Farrell, N., Darby, S. J., & Mcculloch, M. (2018) · Nature Energy · doi:10.1038/s41560-017-0075-y · Cited by 764
“Markets amenable to P2P trading are characterized by demand variability and diversity and low production economies of scale 27 .”
Background
Metadata
- Authors
- Einav, L., Farronato, C., & Levin, J.
- Affiliations
- Department of Economics, Stanford University, Stanford, California 94305-6072;,
- National Bureau of Economic Research (US)
- Venue
- Annual Review of Economics
- Publisher
- Annual Reviews
- Published
- 2016-10-31
- Volume
- 8
- Issue
- 1
- Pages
- 615-635
- ISSN
- 1941-1383 (ISSN-L)
- 1941-1391
- OpenAlex
- W2144931085
- Cited by
- 553
- References
- 46
- Citations by year
- 2026: 38 · 2025: 35 · 2024: 37 · 2023: 49 · 2022: 70 · 2021: 74 · 2020: 81 · 2019: 58 · 2018: 55 · 2017: 38 · 2016: 15
- FWCI
- 14.15
- Type
- journal article
- Language
- en
- Open access
- bronze
- doi.org
- Locations
- Annual Review of Economics (publishedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Funders
- National Science Foundation
- Alfred P. Sloan Foundation
- Stanford Institute for Economic Policy Research
- Topics
- Social Sciences › Business, Management and Accounting › Marketing › Sharing Economy and Platforms
- Social Sciences › Business, Management and Accounting › Strategy and Management › Digital Platforms and Economics
- Social Sciences › Sociology and Political Science › Digital Economy and Work Transformation
- Keywords
- peer-to-peer markets, market design, pricing, reputation systems, market entry, data regulation, employment regulation
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