Jump to ContentJump to Main Navigation
Show Summary Details
More options …

The B.E. Journal of Economic Analysis & Policy

Editor-in-Chief: Ludwig, Sandra / Schmitz, Hendrik

Ed. by Barigozzi, Francesca / Brunner, Johann / Fleck, Robert / Jürges, Hendrik / Mastrobuoni, Giovanni / Mendola, Mariapia / Requate, Till / de Vries, Frans / Wenzel, Tobias

IMPACT FACTOR 2018: 0.520
5-year IMPACT FACTOR: 0.556

CiteScore 2018: 0.54

SCImago Journal Rank (SJR) 2018: 0.356
Source Normalized Impact per Paper (SNIP) 2018: 0.394

See all formats and pricing
More options …
Ahead of print


Volume 20 (2020)

Volume 6 (2006)

Volume 4 (2004)

Volume 2 (2002)

Volume 1 (2001)

Sharing Competition: An Agent-Based Model for the Short-Term Accommodations Market

Bruna BrunoORCID iD: https://orcid.org/0000-0001-6767-1069 / Marisa FagginiORCID iD: https://orcid.org/0000-0002-2118-6997
Published Online: 2020-02-01 | DOI: https://doi.org/10.1515/bejeap-2019-0231


This paper presents an agent-based model for the sharing economy, in the short-term accommodations market, where peers participating as suppliers and customers follow simple decision rules about sharing market participation, according to their heterogeneous characteristics. Simulations results show that, in the competition between the sharing economy and the traditional industry, low substitutability occurs between goods if consumers are differentiated in preferences. The main determinant for market performance in both sectors is the demand level, with minor influence of price setting and competition within and between markets.

Keywords: sharing economy; agent-based models; peer-to-peer markets

JEL Classification: D90; C63; L10


  • Akbar, Y. H., and A. Tracogna. 2018. “The Sharing Economy and the Future of the Hotel Industry: Transaction Cost Theory and Platform Economics.” International Journal of Hospitality Management 71: 91–101.CrossrefWeb of ScienceGoogle Scholar

  • Alvarez, E., and J. G. Brida. 2018. “An agent-based model of tourism destinations choice.” International Journal of Tourism Research 21 (2): 145–55..CrossrefWeb of ScienceGoogle Scholar

  • Anderson, C. 2006. The Long Tail: Why the Future of Business Is Selling Less of More. New York: Hyperion.Google Scholar

  • Robert, A. 1997. The complexity of cooperation: Agent-based models of competition and collaboration, Vol. 3. Princeton: University Press.Google Scholar

  • Benkler, Y. 2004. “‘Sharing Nicely’: On Shareable Goods and the Emergence of Sharing as a Modality of Economic Production.” The Yale Law Journal 114: 273.CrossrefGoogle Scholar

  • Brenner, T., and C. Werker. 2009. “Policy Advice Derived from Simulation Models.” Journal of Artificial Societies and Social Simulation 12 (4): 2.Google Scholar

  • Bruno, B., and M. Faggini. 2017. “Sharing Economy: for an Economic Taxonomy.” International Journal of Economics and Finance 9 (6): 174–78.CrossrefGoogle Scholar

  • Bruno, B., and M. Faggini. 2019, October 16. “Sharing Economy in the Short-Time Accommodations Market” (Version 1.0.0). CoMSES Computational Model Library. https://www.comses.net/codebases/2747d4bb-810b-4880-bba9-f3410c7367e1/releases/1.0.0/

  • Codagnone, C., F. Biagi, and F. Abadie. 2016. “The Passions and the Interests: Unpacking the ‘Sharing Economy’.” Institute for Prospective Technological Studies, JRC Science for Policy Report.Google Scholar

  • Crommelin, L., L. Troy, C. Martin, and C. Pettit. 2018. “Is Airbnb a Sharing Economy Superstar? Evidence from Five Global Cities.” Urban Policy and Research 36 (4): 429–44.Web of ScienceCrossrefGoogle Scholar

  • Cullen, Z., and C. Farronato. 2014. “Outsourcing Tasks Online: Matching Supply and Demand on Peer-to-Peer Internet Platforms.” Job Market Paper.Google Scholar

  • Eberlen, J., G. Scholz, and M. Gagliolo. 2017. “Simulate this! An Introduction to Agent-Based Models and their Power to Improve your Research Practice.” International Review of Social Psychology 30 (1): 149–149..CrossrefWeb of ScienceGoogle Scholar

  • Ert, E., A. Fleischer, and N. Magen. 2016. “Trust and Reputation in the Sharing Economy: The Role of Personal Photos in Airbnb.” Tourism Management 55: 62–73.Web of ScienceCrossrefGoogle Scholar

  • European Commission, COM. 2016. 356, Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions, A European Agenda for the Collaborative Economy, Brussels, 2.6.2016.Google Scholar

  • Faggini, M., and A. Parziale. 2014. “Complexity in Economics: Cutting Edge Research (Preface).” In Complexity in Economics: Cutting Edge Research, edited by M. Faggini, and A. Parziale, 4–6. New York, NY: Springer.Google Scholar

  • Fraiberger, S. P., and A. Sundararajan. 2015. “Peer-to-Peer Rental Markets in the Sharing Economy.” NYU Stern School of Business Research Paper (2015).Google Scholar

  • Hamari, J., M. Sjöklint, and A. Ukkonen. 2016. “The Sharing Economy: Why People Participate in Collaborative Consumption.” Journal of the Association for Information Science and Technology 67 (9): 2047–59.CrossrefWeb of ScienceGoogle Scholar

  • Horton, J., and R. Zeckhauser. 2016. “Owning, Using, and Renting: Some Simple Economics of the ‘Sharing Economy’.” NBER Working Paper Series, 22029.Google Scholar

  • Jackson, J. C., D. Rand, K. Lewis, M. I. Norton, and K. Gray. 2017. “Agent-Based Modeling.” Social Psychological and Personality Science 8 (4): 387–95..CrossrefWeb of ScienceGoogle Scholar

  • Johnson, P., S. Nicholls, J. Student, B. Amelung, R. Baggio, S. Balbi, … R. Steiger. 2017. “Easing the Adoption of Agent-based Modelling (ABM) in Tourism Research.” Current Issues in Tourism 20 (8): 801–08. .CrossrefWeb of ScienceGoogle Scholar

  • Kendall, T. D., and K. Tsui. 2011. “The Economics of the Long Tail.” The BE Journal of Economic Analysis & Policy 11 (1): (Topics), article 76.Web of ScienceGoogle Scholar

  • King, S. P. 2015. “Sharing Economy: What Challenges for Competition Law?” Journal of European Competition Law & Practice 6 (10): 729–34.Web of ScienceCrossrefGoogle Scholar

  • Lougher, G., and S. Kalmanowicz. 2016. “EU Competition Law in the Sharing Economy.” Journal of European Competition Law & Practice 7 (2): 87–102.Web of ScienceGoogle Scholar

  • Macal, C. M. 2016. “Everything you need to know about agent-based modelling and simulation.” Journal of Simulation 10 (2): 144–156..CrossrefWeb of ScienceGoogle Scholar

  • Möhlmann, M. 2015. “Collaborative Consumption: Determinants of Satisfaction and the Likelihood of Using a Sharing Economy Option Again.” Journal of Consumer Behaviour 14 (3): 193–207.Web of ScienceCrossrefGoogle Scholar

  • Paulauskaite, D., R. Powell, J. A. Coca-Stefaniak, and A. M. Morrison. 2017. “Living Like a Local: Authentic Tourism Experiences and the Sharing Economy.” International Journal of Tourism Research 19 (6): 619–28.Web of ScienceCrossrefGoogle Scholar

  • Querbes, A. 2017 . “Banned from the Sharing Economy: An Agent-based Model of a Peer-to-Peer Marketplace for Consumer Goods and Services.” Journal of Evolutionary Economics 28 (3): 633– 665.Web of ScienceGoogle Scholar

  • Seyedabrishami, S., A. Mamdoohi, A. Barzegar, and S. Hasanpour. 2012. “Impact of Carpooling on Fuel Saving in Urban Transportation: Case Study of Tehran.” Procedia-Social and Behavioral Sciences 54: 323–31.CrossrefGoogle Scholar

  • Steinmetz, R., and K. Wehrle. 2005. “What Is This ‘Peer-to-Peer’ About?” In Peer-to-Peer Systems and Applications, edited by Ralph Steinmetz, and Klaus WEHRLE, 2005. Vol. 3485, 9–16. Berlin: Springer-Verlag Volume 3485 of the series Lecture Notes in Computer Science,Google Scholar

  • Valente, M. 2012. “Evolutionary Demand: A Model for Boundedly Rational Consumers.” Journal of Evolutionary Economics 22 (5): 1029–80.CrossrefWeb of ScienceGoogle Scholar

  • Wegmann, J., and J. Jiao. 2017. “Taming Airbnb: Toward Guiding Principles for Local Regulation of Urban Vacation Rentals Based on Empirical Results from Five US Cities.” Land Use Policy 69: 494–501.CrossrefWeb of ScienceGoogle Scholar

  • Zervas, G., D. Proserpio, and J. W. Byers. 2017. “The Rise of the Sharing Economy: Estimating the Impact of Airbnb on the Hotel Industry.” Journal of Marketing Research 54 (5): 687–705.Web of ScienceCrossrefGoogle Scholar

About the article

Published Online: 2020-02-01

Citation Information: The B.E. Journal of Economic Analysis & Policy, 20190231, ISSN (Online) 1935-1682, DOI: https://doi.org/10.1515/bejeap-2019-0231.

Export Citation

© 2020 Walter de Gruyter GmbH, Berlin/Boston.Get Permission

Comments (0)

Please log in or register to comment.
Log in