Competition Council to analyse effects of sharing economy on traditional business

Anca Alexe 24/10/2018 | 08:06

The Competition Council said on Tuesday that businesses in the sharing economy such as Uber or Aribnb can have “effects over traditional companies,” due to insufficient regulation for these sharing economy companies. The Council also announced that it will begin conducting a detailed analysis on these types of businesses, according to

The Council says its upcoming study will analyse the effects of the sharing economy on the competitive environment.

The study, according to the Competition Council, is needed due to the fast growth rate of the new companies, based on a weak regulatory framework. The growing interest for businesses like Airbnb or Uber can have effects on traditional businesses.

The factors the analysis will focus on will be the market’s structural conditions and actors’ behaviour and how much they influence the market variables (prices, quality, product differences, etc.). The legislative framework and the restrictions it could generate on the market will also come under the Council’s scrutiny.

If issues are found that affect the competitive market, the Competition Council would suggest changes in regulations, as well as issue clarifications or warnings to the business environment or the public administration, in order to eliminate competitiveness barriers and improve the sector’s economic efficiency.

The sharing economy is characterised by the shared use of human and physical resources, as well as by the innovative way online platforms allow consumers to access a variety of goods and services.



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