Asymmetric Information of Sharing Economy

DOI

10.2991/aebmr.k.200606.005How to use a DOI?

Keywords

Sharing economy, asymmetric information, digital platform

Abstract

The purpose of this article is to explain the extent to which information asymmetry influences the partnership relationship between application providers and application partners in economics. This article will focus the argumentation on power imbalances in the relationship between application providers and application partners for online transportation service providers such as UBER. Furthermore, this article will explore how information asymmetry affects the likelihood of power position inequalities in negotiations between the application provider and the driver. The study in this article will use multi-disciplinary based scientific literatures either of the economics, information systems, and management. The information asymmetry arising from the rules made by the application provider has the effect of weakening the driver’s position in the negotiation process with the application provider. Thus, due to the existence of information asymmetry, the driver voluntarily binds to the protocol of the provider without having the ability to question the advantages and disadvantages associated with the protocol. For this reason, an institutional role like driver’s cooperative is needed to intervene the information asymmetry and bridge the interests of drivers in a shared economy.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Dodi Dermawan
AU  - Khusnul Ashar
AU  - Iswan Noor
AU  - Asfi Manzilati
PY  - 2020
DA  - 2020/06/09
TI  - Asymmetric Information of Sharing Economy
BT  - Proceedings of the 23rd Asian Forum of Business Education(AFBE 2019)
PB  - Atlantis Press
SP  - 29
EP  - 33
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200606.005
DO  - 10.2991/aebmr.k.200606.005
ID  - Dermawan2020
ER  -