A Conceptual Framework of Value Sharing in the Sharing Economy

Melissa Farboudi Jahromi, Tingting Zhang

Source Title: Sharing Economy and the Impact of Collaborative Consumption

ISBN13: 9781522599289|ISBN10: 1522599282|ISBN13 Softcover: 9781522599296|EISBN13: 9781522599302

DOI: 10.4018/978-1-5225-9928-9.ch001

MLA

Jahromi, Melissa Farboudi, and Tingting Zhang. "A Conceptual Framework of Value Sharing in the Sharing Economy." Sharing Economy and the Impact of Collaborative Consumption, edited by Iviane Ramos de Luna, et al., IGI Global, 2020, pp. 1-20. https://doi.org/10.4018/978-1-5225-9928-9.ch001

APA

Jahromi, M. F. & Zhang, T. (2020). A Conceptual Framework of Value Sharing in the Sharing Economy. In I. de Luna, À. Fitó-Bertran, J. Lladós-Masllorens, & F. Liébana-Cabanillas (Eds.), Sharing Economy and the Impact of Collaborative Consumption (pp. 1-20). IGI Global. https://doi.org/10.4018/978-1-5225-9928-9.ch001

Chicago

Jahromi, Melissa Farboudi, and Tingting Zhang. "A Conceptual Framework of Value Sharing in the Sharing Economy." In Sharing Economy and the Impact of Collaborative Consumption, edited by Iviane Ramos de Luna, et al., 1-20. Hershey, PA: IGI Global, 2020. https://doi.org/10.4018/978-1-5225-9928-9.ch001

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Abstract

The sharing economy is a fast-growing phenomenon that has significantly disrupted traditional businesses. In order to identify the success factor of this new business model, this chapter discusses the unique features of sharing economy practices considering the concept of value sharing. First, the theoretical foundation of value sharing is explained using the value co-creation literature, which is derived from the service logics. Next, four types of values, namely economic, social, functional, and hedonic, are discussed in sharing economy practices. Finally, a conceptual framework of value sharing that depicts the benefits and costs of participation in the sharing economy is provided. Based on this framework, sharing each aforementioned value has its own benefits, which acts as an incentive for both resource suppliers and consumers in the sharing economy. However, the sharing process has its own costs that may be considered as a deterrent for sharing economy participants.