Questions & Answers
What Are Some Peer-to-Peer Markets?
Arun Sundararajan, professor of Information, Operations, and Management Sciences at New York University Leonard N. Stern School of Business, describes many of the peer-to-peer markets that have emerged over the last five years.
Transcript
What are some peer-to-peer markets?
There are a number of different peer-to-peer markets that have emerged over the last five years. Perhaps the best known are Airbnb for peer-to-peer, short-term accommodation; Uber, Lyft, and Sidecar for point-to-point urban transportation and a car driven by someone else; GetAround and RelayRides, which allow you to rent someone else's car; BlaBlaCar and carpooling that allow you to get a ride in someone's car from one city to another. There's StyleLend that allows you to rent someone else's apparel or accessories. There's LendingClub and Funding Circle that allow people to lend each other money. There are Kickstarter and Indiegogo that allow people to donate to other people's projects. The scale of peer-to-peer seems to have exploded dramatically in the last few years.