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来源类型Working Paper
规范类型报告
DOI10.3386/w24361
来源IDWorking Paper 24361
The Welfare Effects of Peer Entry in the Accommodation Market: The Case of Airbnb
Chiara Farronato; Andrey Fradkin
发表日期2018-02-26
出版年2018
语种英语
摘要We study the effects of enabling peer supply through Airbnb in the accommodation industry. We present a model of competition between flexible and dedicated sellers - peer hosts and hotels - who provide differentiated products. We estimate this model using data from major US cities and quantify the welfare effects of Airbnb on travelers, hosts, and hotels. The welfare gains are concentrated in locations (New York) and times (New Years Eve) when hotels are capacity constrained. This occurs because peer hosts are responsive to market conditions, expand supply as hotels fill up, and keep hotel prices down as a result.
主题Microeconomics ; Market Structure and Distribution ; Welfare and Collective Choice ; Industrial Organization ; Market Structure and Firm Performance ; Firm Behavior ; Industry Studies
URLhttps://www.nber.org/papers/w24361
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/582033
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Chiara Farronato,Andrey Fradkin. The Welfare Effects of Peer Entry in the Accommodation Market: The Case of Airbnb. 2018.
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