External Publication

Collaborative Economy: Market Design and Basic Regulatory Principles

Despite the efficiencies and benefits associated with the collaborative economy, there are concerns about how it can be properly regulated. The difference in regulatory regimes for online and offline services can lead in some cases to situations of unfair market competition.

By: Date: April 16, 2018 Topic: Innovation & Competition Policy

Recent technological developments in information technologies have enabled the emergence and rapid growth of the collaborative economy, through which providers of durable goods and services can trade online with individuals.

While there are a great variety of business models that fall into this new market economy, a key common characteristic of the collaborative economy models is that they provide an economic opportunity for individuals and small enterprises to trade their under-utilised assets with other individuals through intermediaries that match supply and demand in an efficient way and with the help of information technologies.

In many cases, this opportunity to individual suppliers is only provided through collaborative platforms, as the supply of goods and services through other channels is subject to licencing and other regulatory barriers.

The author focuses on one regulatory challenge in the era of collaborative consumption: ensuring a level playing field in market competition between peer-to-peer transaction marketplaces and incumbent, traditional providers of durable goods and services. He provides some basic principles for the regulatory framework which needs to be adopted. Then, he discusses the opinion of the European Court of Justice’s Advocate General Maciej Szpunar about the classification of Uber as a transportation company. Finally, a focus will be made on the implications that his reasoning could have on other collaborative economy platforms and not on the opinion itself.

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External Publication

Capital Markets Union and the Fintech Opportunity

Fintech has the potential to change financial intermediation structures substantially. It could disrupt existing financial intermediation with new business models empowered by intelligent algorithms, big data, cloud computing and artificial intelligence.

By: Maria Demertzis, Silvia Merler and Guntram B. Wolff Topic: Finance & Financial Regulation Date: March 26, 2018
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Past Event

Past Event

Why think tanks matter in the era of digital and political disruptions

Bruegel is pleased to host this panel discussion as part of the global launch of the 2018 Global Go To Think Tank Index, published by the University of Pennsylvania’s Think Tanks and Civil Societies Program.

Speakers: Matt Dann, Shada Islam and Hlib Vyshlinsky Topic: European Macroeconomics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: January 30, 2018
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Policy Contribution

Capital Markets Union and the fintech opportunity

Fintech has the potential to change financial intermediation structures substantially. It could disrupt existing financial intermediation with new business models empowered by intelligent algorithms, big data, cloud computing and artificial intelligence. Policymakers need to consider four questions urgently: Develop a European or national fintech market? What regulatory framework to pursue? Should supervision of fintech be exercised at the European level? What is the overall vision for the EU’s financial system?

By: Maria Demertzis, Silvia Merler and Guntram B. Wolff Topic: Finance & Financial Regulation, Innovation & Competition Policy Date: September 15, 2017
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Blog Post

Cryptoeconomics – the opportunities and challenges of blockchain

While the activities using the peer-to-peer cryptocurrency Bitcoin swing between legal and illegal, the attention has been increasingly shifting to the technology underlying Bitcoin, known as blockchain. The mechanics and economics of Bitcoin have been reviewed in a previous Bruegel blogpost. In this blog review we explain, or at least attempt to, what blockchain is and whether it contains the extraordinary innovation potential that its proponents believe it to have, or perhaps such hype is oversold.

By: Uuriintuya Batsaikhan Topic: Innovation & Competition Policy Date: July 3, 2017
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Policy Contribution

An economic review of the collaborative economy

This Policy Contribution tackles the definition and benefits of collaborative economy, as well as the distinction between professional and non-professional services, recommendations on safety and transparency for users, and the way to approach regulatory concerns.

By: Georgios Petropoulos Topic: Innovation & Competition Policy Date: February 27, 2017
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External Publication

Policy and Politics in the Era of the Industrial Internet: How the Digital Transformation Will Change the Political Arena

The digital transformation has already had an impact on policymaking, and this trend will continue in the years to come. How will the political process change and how can influencers guide this change?

By: Giuseppe Porcaro Topic: Innovation & Competition Policy Date: December 7, 2016
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Blueprint

An anatomy of inclusive growth in Europe

This Blueprint offers an in-depth analysis of inequalities of income and wealth in the EU, as well as their causes and consequences. How evenly are the benefits of growth distributed in our economies, and what does this mean for fairness and social mobility? How could and should policymakers react?

By: Zsolt Darvas and Guntram B. Wolff Topic: European Macroeconomics & Governance Date: October 27, 2016
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Blog Post

The industrial internet will transform policymaking

The ‘internet of things’ will bring major changes in many areas of life, including the political arena. What will be the new communication tools, strategies and narratives for policymakers?

By: Giuseppe Porcaro Topic: Innovation & Competition Policy Date: September 28, 2016
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Blog Post

German Facebook probe links data protection and competition policy

On March 2, 2016, the German Federal Cartel Office opened an antitrust investigation into Facebook’s contract clauses on data use, in what appears to be the first antitrust case in Europe based on a breach of data protection rules. We discuss the link between data protection rules and competition policy, which is still underexplored.

By: Nuria Boot and Georgios Petropoulos Topic: Innovation & Competition Policy Date: March 14, 2016
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Blog Post

Uber and the economic impact of sharing economy platforms

Consumers enjoy the cheaper taxi services provided by Uber, but the company has proven divisive among taxi drivers. Regulators should allow Uber to operate, but under stricter regulations, to ensure that consumers reap the benefits, and drivers operate on a level playing field.

By: Georgios Petropoulos Topic: Innovation & Competition Policy Date: February 22, 2016
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Past Event

Past Event

The Sharing/Collaborative Economy

The collaborative economy is transforming business and society, but what are the implications for traditional industries and the potential role of regulation?

Speakers: Guillermo Beltrà, Juliette Langlais, Adina Claici, Mark MacGann, Georgios Petropoulos, Karen E. Wilson, Fabienne Weibel and Thiébaut Weber Topic: Innovation & Competition Policy Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: February 10, 2016
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Blog Post

The rise of the sharing economy in Indonesia

The sharing economy allows individuals to access goods and services coordinated by online communities such as Uber and Airbnb. The emergence of sharing platforms in Indonesia is having an observable impact, but what are the technical hurdles faced by sharing economy firms?

By: Cassandra Liem Topic: Innovation & Competition Policy Date: December 22, 2015
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