Uber Sued by Portland as Bids to Block Service Grow

The transcript discusses the need for appropriate regulation in the sharing economy, focusing on companies like Uber and Airbnb. It highlights the role of government in preventing market failures and ensuring consumer protection. The conversation also touches on the responsibilities of platforms in driver screening and safety, using the example of a case in India. The discussion concludes with potential regulatory solutions and the dynamics of market self-correction.

What is the primary reason for suggesting that digital platforms like Uber and Airbnb should take on some regulatory responsibilities?

• To eliminate competition

• To prevent market failure

• To reduce government expenses

• To increase their profits

Which of the following is a specific consumer protection issue mentioned for ride-sharing services?

• Discounted fares for seniors

• Wheelchair accessibility

• Free rides on weekends

• Driver uniform requirements

Why is government intervention necessary in preventing illegal activities in Airbnb properties?

• Government has the authority to prevent crime

• Airbnb has no screening process

• Illegal activities are a small fraction of rentals

• Airbnb directly causes illegal activities

What is the proposed solution for ensuring safety and compliance in digital platforms?

• Platforms set their own guidelines

• Government sets guidelines, platforms enforce them

• Complete government control over platforms

• No regulation is necessary

What example is given as a test case for the regulatory approach discussed?

• European Union data protection laws

• Australian consumer rights policies

• California ride-sharing regulations

• New York City taxi regulations