| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13094 |
| DP13094 Short-term rentals and the housing market: Quasi-experimental evidence from Airbnb in Los Angeles | |
| Hans Koster; Jos van Ommeren; Nicolas Volhausen | |
| 发表日期 | 2018-12-20 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | Online short-term rental (STR) platforms such as \textit{Airbnb} have grown spectacularly. We study the effects of STR-platforms on the housing market using a quasi-experimental research design. 18 out of 88 cities in Los Angeles County have severely restricted short-term rentals by adopting Home Sharing Ordinances. We apply a panel regression-discontinuity design around the cities' borders. Ordinances reduced listings by 50% and housing prices by 2%. Additional difference-in-differences estimates show that ordinances reduced rents also by 2%. These estimates imply large effects of Airbnb on property values in areas attractive to tourists (e.g. an increase of 15% within 5km of Hollywood's Walk of Fame). |
| 主题 | International Trade and Regional Economics ; Public Economics |
| 关键词 | Short-term rentals House prices Regulation Supply effects Externalities |
| URL | https://cepr.org/publications/dp13094-2 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/542216 |
| 推荐引用方式 GB/T 7714 | Hans Koster,Jos van Ommeren,Nicolas Volhausen. DP13094 Short-term rentals and the housing market: Quasi-experimental evidence from Airbnb in Los Angeles. 2018. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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