Main Article Content
Research background: There are widely recognized benefits of sharing economy for entrepreneurs and consumers. The European Commission emphasizes the importance of European countries being open to new opportunities that sharing economy brings. In order to promote the development of sharing economy, it is important to understand what factors contribute to its development.
Purpose of the article: The presented paper aims to identify the main factors relevant for the growth of sharing economy and to determine whether there are factors which are more significant for the development of the sharing economy than others. Based on reviewed literature, the Authors compiled a set of indicators and employed them for research purposes. The selected indicators were assigned into four main groups: technological, political and regulatory environment, economic and social-cultural environment.
Methods: The authors used two multicriteria methods (SAW and APH), which were applied to the set of indicators and modeled five different situations by attributing significance to the indicators. The Authors have applied this set of indicators for assessing the following selected countries: Lithuania, Latvia, Estonia and the United Kingdom. The data covers the years 2011–2015.
Findings & Value added: The results of the research show that technological readiness and social-cultural environment are significant for the development of sharing economy. For further research the Authors recommend the creation of a composite Sharing Economy Index (SHEI).
This work is licensed under a Creative Commons Attribution 4.0 International License.
Balcerzak, A. P. (2017). Digital economy in Czech Republic, Slovakia and Hungary. Measurement with TOPSIS based on entropy measure for objective weighting. In T. Loster & T. Pavelka (Eds.). The 11th International Days of Statistics and Economics. Conference Proceedings. Prague: Libuse Macakova, Melandrium.
Balcerzak, A. P., & Pietrzak, M. B. (2017a). Digital economy in Visegrad countries. Multiple-criteria decision analysis at regional level in the years 2012 and 2015. Journal of Competitiveness, 9(2). doi: 10.7441/joc.2017.02.01.
Balcerzak, A. P., & Pietrzak, M. B. (2017b). Digital economy in Polish regions. Proposal of measurement via TOPSIS with generalized distance measure GDM. In M. Papież & S. Śmiech (Eds.). The 11th professor Aleksander Zelias international conference on modelling and forecasting of socio-economic phenomena. Conference proceedings. Cracow: Foundation of the Cracow University of Economics.
Botsman, R. (2015). The power of sharing: How collaborative business models are shaping a New Economy. Capgemini Consulting. Retrieved from http://ebooks.capgemini-consulting.com/interviews/Rachel_Botsman_Interv iew.pdf.
CIO review. (2016). How technological advancements are beneficial for sharing economy. Retrieved from http://www.cioreview.com/news/how-technologic al-advancements-are-beneficial-for-sharing-economy-nid-18307-cid-15.html.
Daunorienė, A., Drakšaitė, A., Snieška, V., & Valodkienė, G. (2015). Evaluating sustainability of sharing economy business models. Procedia - Social and Behavioral Sciences, 213. doi: 10.1016/j.sbspro.2015.11.486.
Debarshi, R. (2015). Drivers and indicators of sharing economy – a metrics based approach. Retrieved from https://www.linkedin.com/pulse/drivers-indicators-sharing-economy-metrics-based-approach-roy.
Demailly, D., & Novel, A. S. (2014). The sharing economy: make it sustainable. Retrieved from: https://www.iddri.org/en/publications-and-events/study/shar ing-economy-make-it-sustainable.
Dervojeda, K., Verzijl, D., Nagtegaal, F., Lengton, M., Rouwmaat, E., Monfardini, E., & Frideres, L. (2013). Accessibility based business models for peer-to-peer markets. Retrieved from http://www.eukn.eu/fileadmin/Lib/files/EUKN/ 2014/12-she-accessibility-based-business-models-for-peer-to-peer-markets_ en.pdf
European Commission. (2016). Communication from the Commission to the European Parliament, the Council, the European economic and social committee and the committee of the regions. A European agenda for the collaborative economy. Brussels, 2.6.2016. COM (2016) 356 final.
Formica, P. (2015). Grand transformation to entrepreneurial economy: exploring the void. Emerald Group Publishing.
Ginevičius, R., & Podvezko, V. (2008). The problem of compatibility of various multiply criteria evaluation methods. Business: Theory and Practice, 9(1).
Goudin, P. (2016). The cost of non-Europe in the sharing economy. Economic, social and legal challenges and opportunities. Retrieved from http://www.europarl.europa.eu/RegData/etudes/STUD/2016/558777/EPRS_STU(2016)558777_EN.pdf.
Grybaitė, V., & Stankevičienė, J. (2016). Motives for participation in the sharing economy – evidence from Lithuania. Economics and Management, 8(4). doi: 10.1515/emj-2016-0028.
Guerrero-Baena, M. D., Gómez-Limón, J. A., & Vicente Fruet, J. (2015). A multicriteria method for environmental management system selection: an intellectual capital approach. Journal of Cleaner Production, 105. doi: 10.1016/j.jclepro.2014.07.079.
Hamari, J., Sjöklint, M., & Ukkonen, A. (2016). The sharing economy: why people participate in collaborative consumption. Journal of the Association for Information Science and Technology, 67(9). doi: 10.1002/asi.23552.
Huckle, S., Bhattacharya, R., White, M., & Beloff, N. (2016). Internet of things, block chain and shared Economy applications. Procedia Computer Science, 98. doi: 10.1016/j.procs.2016.09.074.
Juniper Research. (2017). Sharing economy: opportunities, impacts and disruptors 2017-2022. Retrieved from https://www.juniperresearch.com/press/press-releases/sharing-economy-revenues-to-double-by-2022
Latinopoulos, D., & Kechagia, K. (2015). A GIS-based multi-criteria evaluation for wind farm site selection. A regional scale application in Greece. Renewable Energy, 78. doi: 10.1016/j.renene.2015.01.041.
Molenaar, C. (2015). Why customers would rather have a smartphone than a car: Relationship retailing as an opportunity. Gower.
Nugaras, J., & Ginevičius, R. (2015). The strategic assessment of networking of a higher education institution. Economic Research-Ekonomska Istraživanja, 28(1). doi: 10.1080/1331677X.2014.995963.
Ohlhausen, M. (2015). Sharing some thoughts on the “sharing” economy. Workshop Transcript. The “sharing” economy: issues facing platforms, participants, and regulators. Retrieved from https://www.ftc.gov/system/files/documents /public_events/636241/sharing_economy_workshop_transcript.pdf.
Owyang, J. (2013). The three market drivers: causes for the collaborative economy. Retrieved from http://www.web-strategist.com/blog/2013/05/09/the-three-market-drivers-causes-for-the-collaborative-economy/.
Pietrzak, M. B., & Ziemkiewicz, B. (2018a). Cluster analysis of Digital Economy in the old European Union Countries. In 36th international conference mathematical methods in economics MME 2018 conference proceedings. Prague: MatfyzPress, Publishing House of the Faculty of Mathematics and Physics Charles University.
Pietrzak, M. B., & Ziemkiewicz, B. (2018b). Multiple criteria analysis of digital economy in the European Union Countries. In M. Reiff & P. Gezik (Eds.). Proceedings of the international scientific conference quantitative methods in economics multiple criteria decision making XIX. Trenčianske Teplice: Letra Edu.
Podvezko, V. (2009). Application of AHP technique. Journal of Business Economics and Management, 10(2). doi: 10.3846/1611-1699.2009.10.181-189.
PWC (2016). The sharing economy grows up. How the UK has embraced the sharing economy. Retrieved from https://www.pwc.co.uk/issues/megatrends/collis ions/sharingeconomy/outlook-for-the-sharing-economy-in-the-uk-2016.html
Rifkin, J. (2011). The third industrial revolution. Palgrave MacMillan.
Saaty, R. W. (1987). The analytic hierarchy process—what it is and how it is used. Mathematical Modelling, 9(3–5). doi: 10.1016/0270-0255(87)90473-8.
Selloni, D. (2017). New forms of economies: sharing economy, collaborative consumption, peer-to-peer economy. In D. Selloni. CoDesign for public-interest services.
Stankevičienė, J., & Menčaitė, E. (2012). The evaluation of bank performance using a multicriteria decision making model: a case study on Lithuanian commercial banks. Technological and Economic Development of Economy, 18(1). doi: 10.3846/20294913.2012.668373.
Sundararajan, A. (2016). The sharing economy: the end of employment and the rise of crowd-based capitalism. The MIT Press.
Trivett, V., & Staf, S. (2013). What the sharing economy means to the future of travel. Report. Retrieved from https://skift.com/wp-content/uploads/2014/07/ skift-what-the-sharing-economy-means-to-the-future-of-travel.pdf
Tvaronavičienė, M., & Grybaitė, V. (2012). Sustainable development and performance of institutions: approaches toward measurement. Journal of Security and Sustainability Issues, 1(3).
Tvaronavičienė, M., Grybaitė, V., & Korsakienė, R. (2008). Foreign capital destinations: Baltic states versus India. Journal of Business Economics and Management, 9(3). doi: 10.3846/1611-1699.2008.9.227-234.
Vaughan, R., & Daverio, R. (2016). Assessing the size and presence of collaborative economy in Europe. PwC UK.
Wang, J.-J., Jing, Y.-Y., Zhang, C.-F., & Zhao, J.-H. (2009). Review on multi-criteria decision analysis aid in sustainable energy decision-making. Renewable and Sustainable Energy Reviews, 13(9). doi: 10.1016/j.rser.2009.06.021.
Wierzbicka, W. (2018). Information infrastructure as a pillar of the knowledge-based economy – an analysis of regional differentiation in Poland. Equilibrium. Quarterly Journal of Economics and Economic Policy, 13(1). doi: 10.24136/eq.2018.007.
Vitkovic, D. (2016). The sharing economy: regulation and the EU competition law. Global Antitrust Review, 9.
Zavadskas, E. K., Vilutiene, T., Turskis, Z., & Tamošaitienė, J. (2010). Contractor selection for construction works by applying SAW- G and TOPSIS Grey techniques. Journal of Business Economics and Management, 11(1). doi: 10.3846/jbem.2010.03.