# Prof. Arun Sundararajan on California's recent step to regulate the sharing economy

1 Faculty News September 19, 2013 ![Financial Times logo](/sites/default/files/styles/246w/public/assets/images/uat_025700.jpg?itok=LSPbU2V1)>

Excerpt from [Financial Times](http://www.ft.com/intl/cms/s/0/9e238dd6-2160-11e3-a92a-00144feab7de.html#axzz2fR589500) -- "[Arun Sundararajan](http://w4.stern.nyu.edu/faculty/bio/arun-sundararajan), a professor at NYU Stern who studies the sharing economy, said the decision was a good example of regulation nurturing innovation. 'I like that it shifts a set of responsibilities that used to be the government’s to the platforms themselves,' he said. 'This is the right direction for the digital economy.'”

[Read more](http://www.ft.com/intl/cms/s/0/9e238dd6-2160-11e3-a92a-00144feab7de.html#axzz2fR589500)