The Dynamics of Asset Sharing and Private Use

Simple item page
dc.contributor.authorWeber, Thomas
dc.date.accessioned2017-12-28T02:13:55Z
dc.date.available2017-12-28T02:13:55Z
dc.date.issued2018-01-03
dc.description.abstractThe collaborative consumption of an asset, such as a car, an appliance, or a power tool, tends to degrade it faster than when it is kept for purely personal use. This paper examines the rational dynamic decision of when to share an asset and when to use it only privately. An optimal policy trades off additional degradation and resulting lifetime reduction against the additional revenue from sharing. Solving the underlying continuous-time optimal control problem, we characterize three possible regimes: personal consumption, full sharing, and partial sharing. Collaborative consumption may be optimal only at the beginning of the asset's lifetime; the optimal time to switch from sharing to pure private consumption is obtained in closed form.
dc.format.extent7 pages
dc.identifier.doi10.24251/HICSS.2018.649
dc.identifier.isbn978-0-9981331-1-9
dc.identifier.urihttp://hdl.handle.net/10125/50538
dc.language.isoeng
dc.relation.ispartofProceedings of the 51st Hawaii International Conference on System Sciences
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subjectStrategy, Information, Technology, Economics, and Society (SITES)
dc.subjectCollaborative Consumption, Degradation Dynamics, Durability, Product Lifetime, Sharing Economy
dc.titleThe Dynamics of Asset Sharing and Private Use
dc.typeConference Paper
dc.type.dcmiText

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
paper0651.pdf
Size:
640.8 KB
Format:
Adobe Portable Document Format
Download

Collections

Strategy, Information, Technology, Economics, and Society (SITES)