An earlier bulletin from Frontier (Australia) Uber regulated? examined the case for regulating so-called “sharing economy” services, like Uber and Airbnb.
In a new bulletin published today, we discuss why it is important to understand the economic value likely to be created by these services. Gains to the community from regulatory reform largely hinge on new services filling gaps in existing services, and creating new sources of demand, rather than substituting for existing services. These gains should be the focus of government attention when thinking about to whether to regulate to ‘level the playing field’.
Frontier (Australia) regularly advises clients on issues in the taxi industry, as well as in the transport sector more broadly.
For more information, please contact Marita O’Keeffe at m.okeeffe@frontier-economics.com.au or phone +61 3 9620 4488.