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How Europe manages the sharing economy

EUobserver's 2017 edition of its Business in Europe magazine takes a closer look at the the sharing economy.

EUobserver's 2017 edition of its Business in Europe magazine takes a closer look at the the sharing economy.

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A<br />

TRANSFORMATION<br />

THAT LACKS<br />

A COMMON<br />

DEFINITION<br />

The <strong>sharing</strong> <strong>economy</strong> is a noticeable trend shaking up traditional<br />

sectors, but <strong>the</strong> phenomenon is ill-defined and empirical evidence<br />

about its impact is scarce.<br />

<br />

“It's always more fun, to share with everyone,”<br />

Jack Johnson sang in The Sharing Song, on <strong>the</strong><br />

<br />

George.<br />

The singer-songwriter proposed that a ball, a<br />

sandwich, a secret, a drum stick, time, milk, and<br />

cookies, are enjoyed exponentially when shared<br />

with o<strong>the</strong>rs.<br />

<strong>How</strong>ever, <strong>the</strong> song made absolutely no mention of<br />

whe<strong>the</strong>r those cookies and sandwiches should be<br />

<br />

To share, according to <strong>the</strong> Oxford English dictionary,<br />

means "have or give a share of", or "have or use<br />

jointly with o<strong>the</strong>rs".<br />

That is why <strong>the</strong> name '<strong>sharing</strong> <strong>economy</strong>' is somewhat<br />

unsuitable for <strong>the</strong> plethora of online platforms that<br />

see <strong>the</strong>mselves as a part of that trend.

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