• Sanjay Kumar Pandey

There are two principal contributions to this Paper. First, among consumers who have heterogeneous price sensitivity, consumption rates and preference shocks, we are designing a new hybrid model of an economy with a peer-to-peer rental market for durable goods. We define the stationary balance where, in addition to the peer-to-peer rental marketplace, customers can own new goods, or can share owned properties in a (traditional) secondary marketplace. As well as heterogeneous balancing frictions that change the rate at which rental supply and demand are reached, our model involves both transaction costs and depreciation rates that differ with asset utilization. Second, we use transaction and survey data from Get around, a leading major peer-to-peer car rental marketplace, to calibrate our model and complement it with data on vehicle ownership, secondary market trading and vehicle use trends. We are designing an initial competitive equilibrium model of an economy of peer-to-peer rental markets and forward-looking customers that are heterogeneous in their price sensitivity and asset consumption rates in order to test the welfare effects of the 'sharing economy.'

Asset utilization, Economy, Market, Sharing.

"Peer-To-Peer Leasing Fairs in the Partaking Economy", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 6, page no.235-237, June 2018, Available :http://www.jetir.org/papers/JETIREP06060.pdf

"Peer-To-Peer Leasing Fairs in the Partaking Economy", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 6, page no. pp235-237, June 2018, Available at : http://www.jetir.org/papers/JETIREP06060.pdf