Overview, Framework, and Research Propositions of Secondhand Exchange in the Platform Economy

This chapter describes secondhand exchange in the context of the platform economy. Consumers have long engaged in reselling and buying used items as an alternative to purchasing firsthand items, but researchers have little understanding of how these exchanges are different theoretically from traditional consumption patterns. This chapter presents a clear definition of secondhand exchange and separates it from related concepts, including lateral exchange markets, the sharing economy, access-based consumption, and collaborative consumption. It is suggested that secondhand exchange and related consumer behavior in the platform economy can be understood by considering platform differences related to 1) when and how product ownership is transferred (i.e., direct and indirect), 2) the level of platform intermediation (i.e., low, moderate, or high), and 3) buyers' knowledge of reseller identity (i.e., unknown, obscured, and known). Research propositions are presented for these dimensions for each facet of the consumption process (i.e., buying, owning, and disposal).

Topographically trapped waves along the continental slope north of Svalbard

<p>On the continental slope north of Svalbard, Atlantic Water is transported eastward as a part of the Arctic Circumpolar Boundary Current. As inflow of Atlantic Water through the Fram Strait is the largest oceanic heat source to the Arctic Ocean, it is important to improve our knowledge about the dynamics and processes that govern the heat exchange between Atlantic Water and water masses of Arctic origin. This includes processes that enable lateral exchange across the shelf break or into the interior of the deep basin. Here, we study the vorticity dynamics on the slope and its contribution to the water mass modifications and heat exchange. Focusing on topographically trapped waves – sub-inertial oscillations trapped to follow the continental slope – we establish their existence and properties on the northern slope of Svalbard using a free baroclinic wave model. Their dependence on background stratification and current properties is explored in sensitivity analysis. Next, we discuss their contribution to lateral exchange from the boundary current on the slope to the continental shelf, troughs, and the deep Nansen Basin in the Arctic Ocean, including exchange associated with instabilities and resulting eddy shedding off the vorticity waves. Hydrographic and current time series from 2018-19 at two mooring arrays crossing the slope north of Svalbard (The Nansen Legacy project) are used to associate the observed physical environment with model-predicted topographic waves. Analysis of the in-situ data will determine which wave mode that can exist over the sloping seafloor and the observed hydrography and flow, and the model will give the corresponding spatial characteristics for the given frequencies and wave numbers. Energetic oscillations present in the observations are analyzed in light of the model results. Of special interest are the seasonal variability in hydrography and current strength and the resulting modification of the wave characteristics. Moreover, the interaction between the vorticity waves and tidal oscillations in the diurnal band is emphasized.</p>

Puritan peers or egoistic entrepreneurs? Moral decay in lateral exchange markets

Purpose The purpose of this study is to examine the impact of LEM participation on moral identity. Lateral exchange markets (LEMs) enable ordinary people to monetize idle personal resources such as cars, homes, gadgets and skills. Despite its champions portraying actors in these exchange as moral citizens of society, recent findings suggest that egoistic motives drive participation. A salient moral identity motivates behaviors that show social sensitivity to others and enable cooperative actions. Given that platform-providing firms rely on users’ cooperative behaviors to facilitate lateral exchange, understanding factors that affect moral identity can have important implications for the success of such business models. Design/methodology/approach In this research, the authors move away from the ideological discourse behind actors’ motivations, to provide a pragmatic explanation of how participation erodes moral identity. The authors apply a social cognitive framework to examine how the environment in LEMs impacts behaviors and personal factors in a recursive fashion. Findings Across two studies, findings reveal that prolonged participation in lateral exchange diminishes the centrality of moral identity to the working self-concept. Moreover, the results show that keeping puritan peers moral has positive business outcomes. This research also discerns a boundary condition that determines when peers remain consistent with their moral compasses. Specifically, when engagement is perceived as effortful, the behavior becomes an informative input in the inference of one’s moral disposition reinforcing moral identity. Originality/value Marketers can use this research to design business models in ways that mitigate the decay of moral identity.

Lateral Exchange Markets: How Social Platforms Operate in a Networked Economy

Lateral exchange markets (LEMs) are sites of technologically intermediated exchange between actors occupying equivalent network positions. To develop an enriched understanding of these markets, the authors develop a more broad-based and differentiated understanding of peer-to-peer, sharing, and access-based markets. They focus on two key axes: the extent of (1) consociality and (2) platform intermediation. Drawing on these attributes, the authors theoretically deduce four ideal types—Forums, Enablers, Matchmakers, and Hubs. Each type provides value in a different way: Forums connect actors, Enablers equip actors, Matchmakers pair actors, and Hubs centralize exchange. Twenty organizational cases reveal insights into the failure, adaptation, and success of LEMs. Lateral exchange markets shift responsibility for personal and exchange security to relevant personal actors, to institutions, or to the governing algorithms of technology platforms. Extending the general proposition that sociality increasingly infuses market logics, the findings suggest a new frontier in which social resources and software platform algorithms interact as operand resources whose negative consequences (e.g., opportunism) require careful management through assurances and institutional arrangements matched to the type of LEM operation.