Posted by: Ray Brescia | March 6, 2017

Uber’s “Greyball” Strategy Proves Regulatory Oversight Needed for the Sharing Economy

Recent revelations show how the ride-hailing app Uber developed highly sophisticated strategies for evading law enforcement.  As in other recent scandals, including Volkswagen’s cheating on emissions tests, Uber developed complicated, technology-driven algorithms for cheating the system.  This scandal shows that the Sharing Economy is posing new challenges to regulators who are trying to balance ensuring consumer protection while not stifling productive innovation. As I argue here, regulators could borrow strategies from the legal profession to protect consumer interests while promoting creativity and economic development .

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