Managing the Risks of Peer-to-Peer Goods-Sharing

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Titel: Managing the Risks of Peer-to-Peer Goods-Sharing
Autoren: Sally Zhu
Quelle: Law, Technology and Humans, Vol 4, Iss 2, Pp 197-215 (2022)
Verlagsinformationen: Queensland University of Technology, 2022.
Publikationsjahr: 2022
Bestand: LCC:Law in general. Comparative and uniform law. Jurisprudence
Schlagwörter: cyberlaw, consumer law, sharing platforms, risk, insurance, tort, Law in general. Comparative and uniform law. Jurisprudence, K1-7720
Beschreibung: The peer-to-peer (P2P) goods-sharing economy has flourished into a significant economic sector. However, in the law of England and Wales, the existing legal mechanisms for managing risks to consumers, such as the Consumer Protection Act and Consumer Rights Act, are unsuitable for regulating risk in the P2P-sharing economy. Platform service providers have constructed their own risk-management systems through elaborate contracts, but these do not go far enough in protecting consumers. This paper argues that both legal and platform mechanisms face the same obstacles to scaling efficient risk management due to the atomistic way they approach risk relations. I propose that legal reforms should provide mandates on platforms to institute greater protections for their users by arranging insurance and bearing default risk.
Publikationsart: article
Dateibeschreibung: electronic resource
Sprache: English
ISSN: 2652-4074
Relation: https://lthj.qut.edu.au/article/view/2419; https://doaj.org/toc/2652-4074
DOI: 10.5204/lthj.2419
Zugangs-URL: https://doaj.org/article/94e97e3a09e24385b1d42b7e5e4ed7cc
Dokumentencode: edsdoj.94e97e3a09e24385b1d42b7e5e4ed7cc
Datenbank: Directory of Open Access Journals
Beschreibung
Abstract:The peer-to-peer (P2P) goods-sharing economy has flourished into a significant economic sector. However, in the law of England and Wales, the existing legal mechanisms for managing risks to consumers, such as the Consumer Protection Act and Consumer Rights Act, are unsuitable for regulating risk in the P2P-sharing economy. Platform service providers have constructed their own risk-management systems through elaborate contracts, but these do not go far enough in protecting consumers. This paper argues that both legal and platform mechanisms face the same obstacles to scaling efficient risk management due to the atomistic way they approach risk relations. I propose that legal reforms should provide mandates on platforms to institute greater protections for their users by arranging insurance and bearing default risk.
ISSN:26524074
DOI:10.5204/lthj.2419