Michael Munger on Sharing, Transaction Costs, and Tomorrow 3.0
EconTalk
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The Future of Sharing
The Airbnb app knows where you are. You don't walk up to a stranger at times and say, hey, what's the state tonight? It is their financial information. There's their ID. They have an image of my passport. So once we've normalized that experience, then yes, we start to think of this as it's not a big deal. We only pay with honor and a sense of contributing to the public good.
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