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Institutional Support of the Sharing Economy in the Development of Urban Environment

Institutional Support of the Sharing Economy in the Development of Urban Environment

Journal of Institutional Studies, , Vol. 11 (no. 2),

The aim of this study is to develop an institutional support algorithm that ensures the development processes of a sharing economy while creating a comfortable urban environment. The study identified the prerequisites for the development of a sharing economy in Russian practice, in particular, the potential for reducing transaction costs, the rapid development of digital technologies, the increase in dysfunctions of public administration and social security institutions in the Russian economy, the transformation of the needs and motives of generations, which transforms citizens' values, and also motives of their participation in economically unprofitable projects. A systematization of projects of a sharing economy using types of public goods, including transport, education, culture, housing and public utilities, social security, environmental protection, etc., as well as the subject of the relations that underlie this project (joint consumption, production, training financial education) was carried out. Using the example of co-production institutions as well as financial support, an algorithm for the institutional support of the development of a share economy, including such steps as identifying incentives for potential participants, including representatives of government, business, and ordinary citizens to participate in a particular share economy project; definition of norms and rules that will contribute to the involvement of citizens in a project, approbation of the developed norms and rules in a small area, ensuring the functioning of the digital platform through which interaction, design and analysis of the institutions governing the implementation of this project will be carried out, as well as monitoring received results was described. The implementation of the institutional support algorithm for a sharing economy allows for purposeful shaping the development of the urban environment through the use of advanced digital society technologies.

Keywords: institutional support; sharing economy; “smart city”; digitalization; social and innovative development

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