March 20, 2019 Feature

The Sharing Economy: State and Local Regulatory Coordination Needed

By Janice C. Griffith

For centuries, resources have been shared among private and public entities. The advent of the Internet in the 1990s greatly expanded sharing opportunities via quick and easy communication about the availability of products for use by those without ownership or possession of them. Today, we can think of the sharing economy as one facilitated by an online platform that connects entities possessing goods or service capabilities to those who desire to use these resources. The sharing economy enables those in possession of underutilized consumer goods, such as a car, to be shared on a part-time basis with another person or enterprise. The sharing economy can also maximize new resources by spreading word of their availability, and it can find a home for used resources.

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