Abstract
The sharing economy is an economic model which refers to meditating transactions between peers without being representative or agent of either one. It is often defined as a peer-to-peer (P2P) based activity of exchanging, trading or sharing goods and services facilitated by an on-line third-party platform. While the sharing economy has witnessed an astonishing growth since the creation of eBay in 1995, the idea enables peers to interact and transact resources is not. What distinguishes the new sharing economy from the old is the appearance of the governing platform at the very heart of the transaction. This paper explores the antecedent of the sharing economy in the offline universe and in the lower section of the society also called bottom of the pyramid. The model we study is particularly important for the developing countries because it significantly contributes to poverty eradication.
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