Sharing Economy and Regulatory Strategies towards Legal Change

The rise of the sharing economy is transforming the way we produce and consume goods and services. This transformation requires a revision of current legal rules concerning sectors where the sharing economy is emerging. Taking the regulation of the taxi industry as a main example, this article analyses why those rules ought to be reviewed, the obstacles law makers have to face in order to perform such a task, and the regulatory strategies they could use for that purpose. The paper considers a variety of regulatory approaches including regulatory impact assessment, legal variation, the coexistence of different legal regimes, experimental legislation and compensation