Innovative companies such as Uber and Airbnb have pioneered a new mode of business: the sharing economy. Uber, a car-sharing service, allows individual car owners to act as taxi drivers, connecting individuals seeking rides with those with cars willing to drive them, through a mobile app. Airbnb is a similar service: individual homeowners can rent out a room in their home for short periods of time to travelers, and the company takes a share of the fee. Though these startups have enabled a thriving sharing economy, they have run into opposition from elected officials seeking to clamp down on this unregulated economy.
Ide, Sam; Hur, Monika; and Akef, Mohamad
"Regulating the Shared Economy,"
Politica Northwestern: Vol. 1