Experience Stern | News & Events

Excerpt from The New York Times -- ‘''There’s a certain amount of liquidity that these large sellers inject into a marketplace that can be very helpful for the marketplace to grow rapidly,' Arun Sundararajan, a professor at New York University’s Stern School of Business who studies the sharing economy, told me. The competition should also help drive down costs, which helps consumers. But these marketplaces, he added, must 'balance the short-term accelerating their growth while also maintaining the quality, and in some sense staying true to what their consumers are looking for' — which might be freedom from big banks, or the stultifying sterility of budget hotels."

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