The social economy of coworking spaces: A focal point model of coordination

Waters Lynch, J and Potts, J 2017, 'The social economy of coworking spaces: A focal point model of coordination', Review of Social Economy, vol. 75, no. 4, pp. 417-433.

Document type: Journal Article
Collection: Journal Articles

Title The social economy of coworking spaces: A focal point model of coordination
Author(s) Waters Lynch, J
Potts, J
Year 2017
Journal name Review of Social Economy
Volume number 75
Issue number 4
Start page 417
End page 433
Total pages 17
Publisher Routledge
Abstract Coworking spaces are a rapid growing feature of modern cities, and increasingly popular with freelancers, knowledge workers, start-up communities, and others engaged in non-standard creative urban work. Drawing on ethnographic data gathered in a large case study of coworking spaces in Australia, we develop an economic model of an important aspect of coworking spaces in which a coworking space is a Schelling point. This argues that the main margin of value a coworking space provides is not price competition with serviced offices, or a more pleasant environment than working at home, but as a focal (Schelling) point for finding people, ideas and other resources when you lack the information necessary for coordination. Drawing on ethnographic research, we test some specific predictions the model makes about the organizational and institutional form of successful coworking spaces.
Subject Urban and Regional Economics
Industry Economics and Industrial Organisation
Keyword(s) coordination problems
focal points
real estate business models
DOI - identifier 10.1080/00346764.2016.1269938
Copyright notice © 2017 The Association for Social Economics.
ISSN 0034-6764
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