TY - JOUR
T1 - A 2020 perspective on “Opportunities or threats
T2 - The rise of online collaborative consumption (OCC) and its impact on new car sales”
AU - Guo, Yue
AU - Xin, Fu
AU - Barnes, Stuart J.
AU - Li, Xiaotong
PY - 2020/3/1
Y1 - 2020/3/1
N2 - Online collaborative consumption (OCC) models, such as Uber and Airbnb, have emerged as popular peer-to-peer platforms in the sharing economy. Our study investigates whether the adoption of a leading ride-hailing platform, Didi Chuxing, increases or decreases new car sales shortly after the platform's entries across 51 cities in China. Our empirical results suggest that the initial entry of a dominant ride-hailing company like Didi Chuxing, positively impacts new car sales in the short run. However, we suspect that this positive effect will be transitory. Platform competition and country-specific characteristics may also influence the new car market dynamics. Future works are needed to investigate whether some of the previous findings based on traditional two-sided markets can be generalized to online collaborative consumption platforms.
AB - Online collaborative consumption (OCC) models, such as Uber and Airbnb, have emerged as popular peer-to-peer platforms in the sharing economy. Our study investigates whether the adoption of a leading ride-hailing platform, Didi Chuxing, increases or decreases new car sales shortly after the platform's entries across 51 cities in China. Our empirical results suggest that the initial entry of a dominant ride-hailing company like Didi Chuxing, positively impacts new car sales in the short run. However, we suspect that this positive effect will be transitory. Platform competition and country-specific characteristics may also influence the new car market dynamics. Future works are needed to investigate whether some of the previous findings based on traditional two-sided markets can be generalized to online collaborative consumption platforms.
KW - Causal inference
KW - Didi Chuxing
KW - Difference-in-difference estimation
KW - Ride-sharing
KW - Uber
UR - http://www.scopus.com/inward/record.url?scp=85078702718&partnerID=8YFLogxK
U2 - 10.1016/j.elerap.2020.100932
DO - 10.1016/j.elerap.2020.100932
M3 - Article
AN - SCOPUS:85078702718
SN - 1567-4223
VL - 40
JO - Electronic Commerce Research and Applications
JF - Electronic Commerce Research and Applications
M1 - 100932
ER -