Saving the World Through the Sharing Economy

Two American economists extol the upsides of the explosive growth in ride services and short-term room rentals, while acknowledging the pain of cabbies and hoteliers.

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In an episode of South Park broadcast in the United States last month, the world of transportation is revolutionized. Timmy, the disabled kid in the town, establishes a new business: a “car service” app a-la...