International Journal of Social Science & Economic Research
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Title:
SHARING IS CARING: ALTRUISM IN THE SHARED ECONOMY

Authors:
Aryan Bhandari

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Aryan Bhandari
The Doon School

MLA 8
Bhandari, Aryan. "SHARING IS CARING: ALTRUISM IN THE SHARED ECONOMY." Int. j. of Social Science and Economic Research, vol. 7, no. 7, July 2022, pp. 1888-1894, doi.org/10.46609/IJSSER.2022.v07i07.011. Accessed July 2022.
APA 6
Bhandari, A. (2022, July). SHARING IS CARING: ALTRUISM IN THE SHARED ECONOMY. Int. j. of Social Science and Economic Research, 7(7), 1888-1894. Retrieved from https://doi.org/10.46609/IJSSER.2022.v07i07.011
Chicago
Bhandari, Aryan. "SHARING IS CARING: ALTRUISM IN THE SHARED ECONOMY." Int. j. of Social Science and Economic Research 7, no. 7 (July 2022), 1888-1894. Accessed July, 2022. https://doi.org/10.46609/IJSSER.2022.v07i07.011.

References

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ABSTRACT:
Both in India and globally, the shared economy has seen a massive increase in valuation and investment in the past decade. This has only increased due to the effects of the Covid-19 pandemic, in terms of remote first workplaces, economic recovery and collaborative methods of conducting business. Corporations are recognizing the value of placing social value above profit and seeking to increasingly incorporate shared value systems in their business models and creating community based resource sharing systems. In the Indian context as well, the shared economy has seen a rise in adoption. However, there remain challenges with respect to addressing fundamental structural issues in distribution of resources, without which the benefits of the shared economy cannot be distributed equitably. This paper critically examines the foundations of altruism and the shared economy and draws on global studies, and examples of business models and peer-to-peer sharing to suggest future avenues for research and policy making in the Indian context. The paper stresses the gaps and inequities that are arising due to the shared economy and suggests policy measures for more grassroots adoption of technologies and exploring community based models which exist outside the scope of the major corporations in the shared economy model.

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