Assessing the economic viability of the Canadian sharing economy

Dr. Fahmy received Research and Professional Development funds to study the sharing economy sector using extension theorem to quantify benefits and costs by valuing their consumption/duration time.

The recent rise of digital technology has enabled the development of various online digital platforms that resulted in a variety of peer-to-peer sharing and collaborative consumption activities. These activities formed a new type of economy, known as the sharing economy, which has the potential to play an increasingly important role in the Canadian economy.

The objective of this study is to appraise the Canadian SE sector using a novel application of cost-benefit analysis. The novelty lies in using Fahmy’s (in press) extension theorem to quantify the indirect benefits and costs of collaborative activities by valuing their consumption/duration time.