Innovation in regulatory approaches
18 October, 2016
An important part of the digital platform revolution is the sharing economy, which is based on reductions in transaction costs which enable exchanges that were previously not possible. Sharing economy firms facilitate a more efficient use of assets, to the benefit of both asset owners and prospective users.
A common EU approach to the sharing economy should focus on intervening where national and local regulations contradict competition and the free movement of goods and services. The aim must be to encourage Member States to liberalise regulation that has been made redundant by innovation.
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EPICENTER publications and contributions from our member think tanks are designed to promote the discussion of economic issues and the role of markets in solving economic and social problems. As with all EPICENTER publications, the views expressed here are those of the author and not EPICENTER or its member think tanks (which have no corporate view).
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