“…profit-seeking firms create value for the owners, customers, and other stakeholders by continually driving the economy toward an ever more efficient allocation of resources.” The Earth Institute at Columbia University hosted a roundtable on the Sharing Economy. While there are significant sustainability implications of the sharing economy, these are only tangential to our interests. I want you to watch the roundtable discussion, follow up by pursuing your own independent research, and then write approximately 500 words addressing the following.

•What is meant by the “sharing economy”?

•How does the sharing economy better allocate underutilized resources?

•In so doing, how does it “create value”?