Airbnb and rental markets: Evidence from Berlin
Publikation: Beiträge in Zeitschriften › Zeitschriftenaufsätze › Forschung › begutachtet
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in: Regional Science and Urban Economics, Jahrgang 106, 104007, 01.05.2024.
Publikation: Beiträge in Zeitschriften › Zeitschriftenaufsätze › Forschung › begutachtet
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TY - JOUR
T1 - Airbnb and rental markets
T2 - Evidence from Berlin
AU - Duso, Tomaso
AU - Michelsen, Claus
AU - Schaefer, Maximilian
AU - Tran, Kevin Ducbao
N1 - Publisher Copyright: © 2024 The Author(s)
PY - 2024/5/1
Y1 - 2024/5/1
N2 - 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.
AB - 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.
KW - Airbnb
KW - Housing market
KW - Rents
KW - Sharing economy
KW - Short-term rental regulation
UR - http://www.scopus.com/inward/record.url?scp=85189807520&partnerID=8YFLogxK
UR - https://www.mendeley.com/catalogue/ae0e423b-e1a0-35ed-8db7-202846490de6/
U2 - 10.1016/j.regsciurbeco.2024.104007
DO - 10.1016/j.regsciurbeco.2024.104007
M3 - Journal articles
AN - SCOPUS:85189807520
VL - 106
JO - Regional Science and Urban Economics
JF - Regional Science and Urban Economics
SN - 0166-0462
M1 - 104007
ER -