Legitimizing the Sharing Economy: Reconciling the Tension Between State and Local Policy Concerns and Innovation

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With the rise of businesses such as Uber, Lyft, and Airbnb, a new business model is emerging that state and local laws do not adequately address. Christopher Lutz, of Horwood Marcus & Berk Chartered, discusses specific sectors of this “sharing economy”and explains how governments can work with these industries to create a cooperative resolution. Doing so would foster business innovation and generate more revenue for localities and states, Lutz says.