{"id":433,"date":"2019-03-18T19:44:37","date_gmt":"2019-03-18T19:44:37","guid":{"rendered":"http:\/\/sites.rutgers.edu\/big10-friends-paper-workshop-2019\/?page_id=433"},"modified":"2019-04-04T16:10:14","modified_gmt":"2019-04-04T16:10:14","slug":"abby-stemler","status":"publish","type":"page","link":"https:\/\/sites.rutgers.edu\/big10-friends-paper-workshop-2019\/abby-stemler\/","title":{"rendered":"Abbey Stemler, Indiana University"},"content":{"rendered":"

Innovation and Effective Regulation: <\/strong>A Global Survey<\/strong><\/p>\n

 <\/p>\n

Innovations within the sharing economy have transformed the way people do most everything from getting dinner to borrowing money.\u00a0 It also has changed our thinking about how common market failures can and should be addressed.\u00a0 For example, reputation systems incorporated into sharing economy platforms collect and organize user feedback to reduce harms associated with asymmetric information and ensure consumer safety.<\/p>\n

Despite its many benefits and advances, however, the sharing economy has created a dizzying array of problems for communities of all sizes and throughout the world\u2014from tax evasion and pollution to price gouging, deplorable worker protections, and pervasive discrimination.\u00a0 The impact of these problems is exacerbated because sharing economy platforms shape-shift, move fast, and fight to avoid or find loopholes within current regulatory frameworks.\u00a0 As a result, platforms have distinct advantages over incumbent firms and grow unrestrained.\u00a0This reality makes the gap between regulators and these pioneering platforms larger and larger.<\/p>\n

The sharing economy is important to study and understand because it will continue to grow and impact communities and countries around the world.\u00a0 Estimates suggest that half of the US population will work as freelancers, mostly in the sharing economy, by 2027.\u00a0\u00a0 And in China, estimates show that its sharing economy, fen xiang<\/em>, will represent twenty percent of the country\u2019s GDP by 2025.\u00a0 We can thus surmise that countries will continue to be impacted in meaningful and often frustrating ways by the sharing economy.<\/p>\n

Despite its size and associated problems, there is a severe lack of empirical and comprehensive research as to how regulators do should respond to the sharing economy, especially from an international perspective.\u00a0 This article fills that gap.\u00a0 It provides needed and verifiable information for regulators by examining the natural regulatory experiments occurring throughout the world.\u00a0 More broadly, this article helps provide regulators with a replicable framework to address the future\u2019s unforeseeable regulatory disruptions.<\/p>\n

Simply put, the overarching question addressed in this article is: What are the most effective regulatory interventions to mitigate the costs of the sharing economy and encourage innovation?\u00a0 From this, several corollary questions emerge:\u00a0 (1) What are the various problems created by the sharing economy?\u00a0(2) In a given country, what level of government responds to these problems?\u00a0 (3) What are the responses? (4) Which of those are effective (e.g.<\/em>, those responses that fix the problem)?\u00a0(5) Which effective responses encourage innovation rather than hinder it?\u00a0 To answer these questions, the article presents research from a methodical survey of over fifty developing and developed countries.\u00a0 As a result, this groundbreaking report identifies some of the most successful regulatory responses for problems produced by the sharing economy.<\/p>\n

Stemler, The Chinese Experiment (clean for Big Ten)<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Innovation and Effective Regulation: A Global Survey   Innovations within the sharing economy have transformed the way people do most everything from getting dinner to borrowing money.\u00a0 It also has … Read More<\/a><\/p>\n","protected":false},"author":217,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-433","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"\nAbbey Stemler, Indiana University - Big Ten and Friends Paper Workshop 2019<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sites.rutgers.edu\/big10-friends-paper-workshop-2019\/abby-stemler\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Abbey Stemler, Indiana University - 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