G2TT
来源类型Discussion paper
规范类型论文
来源IDDP16150
DP16150 Airbnb and Rental Markets: Evidence from Berlin
Tomaso Duso; Claus Michelsen; Maximilian Schaefer; Kevin Tran
发表日期2021-05-13
出版年2021
语种英语
摘要We exploit two policy interventions in Berlin, Germany, to causally identify the impact of Airbnb on rental markets. While the first intervention significantly reduced the number of high-availability Airbnb listings bookable for most of the year, the second intervention led to the exit of mostly occasional, low-availability listings. We find that the reduction in Airbnb supply has a much larger impact on rents and long-term rental supply for the first reform. This is consistent with more professional Airbnb hosts substituting back to the long-term rental market. Accordingly, we estimate that one additional nearby high-availability Airbnb listing crowds out 0.6 long-term rentals and, consequently, increases the asked square-meter rent by 1.8 percent on average. This marginal effect tends to be smaller in districts with a higher Airbnb density. However, these district experienced a larger slowdown in rent increases following the reform due to larger reductions in Airbnb supply.
主题Industrial Organization
关键词Rents Housing market Short-term rental regulation Sharing economy Airbnb
URLhttps://cepr.org/publications/dp16150
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/545123
推荐引用方式
GB/T 7714
Tomaso Duso,Claus Michelsen,Maximilian Schaefer,et al. DP16150 Airbnb and Rental Markets: Evidence from Berlin. 2021.
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