Airbnb and rental markets: Evidence from Berlin

被引:6
作者
Duso, Tomaso [1 ,2 ,4 ,5 ]
Michelsen, Claus [3 ,8 ]
Schaefer, Maximilian [6 ]
Tran, Kevin Ducbao [7 ]
机构
[1] DIW Berlin, Mohrenstr 58, D-10117 Berlin, Germany
[2] Tech Univ Berlin, Str 17 Juni 135, D-10623 Berlin, Germany
[3] Leuphana Univ Luneburg, Univ Allee 1, D-21335 Luneburg, Germany
[4] CEPR, 33 Great Sutton St, London EC1V 0DX, England
[5] CESifo, Poschingerstr 5, D-81679 Munich, Germany
[6] Inst Mines Telecom Business Sch, LITEM, 9 rue Charles Fourier, F-91011 Evry, France
[7] Univ Bristol, Priory Rd Complex, Bristol BS8 1TU, England
[8] Verband Forschender Arzneimittelhersteller, Hausvogteipl 13, D-10117 Berlin, Germany
关键词
Short-term rental regulation; Sharing economy; Rents; Housing market; Airbnb; INFERENCE; SELECTION;
D O I
10.1016/j.regsciurbeco.2024.104007
中图分类号
F [经济];
学科分类号
02 ;
摘要
We exploit the differential responses of Airbnb hosts to two distinct policy interventions in Berlin to shed light on the optimal design of policies targeting short-term rental platforms to mitigate rental market inflation. The first intervention, which affected commercial listings, significantly impacted long-term rental markets, unlike the second intervention, which mainly affected non-commercial listings. Leveraging these policy variations, we estimate the marginal impact of Airbnb on rental supply and rents. Each additional commercial Airbnb listing displaces 0.23 to 0.37 rental units and increases rent per square meter by 1.3 to 2.4 percent. This underscores the importance of targeting commercial listings when regulating short-term rental markets.
引用
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页数:31
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