题 目：Short-term rentals and the housing market: Quasi-experimental evidence from Airbnb in Los Angeles

报告人：Hans Koster   Associate Professor   荷兰阿姆斯特丹自由大学

主持人：宋华盛  教授    浙江大学经济学院

时 间：2018年9月21日（周五）  14:00―15:30

地 点：浙江大学玉泉校区经济学院418室  

Abstract:

Online short-term housing rental platforms such as Airbnb or Tujia.com, have grown spectacularly in recent years. We focus on Santa Monica, surrounded by the City of Los Angeles, which has severely restricted short-term rentals of entire homes and apartments. We apply a panel regression-discontinuity design around Santa Monica's border. Its 2015 Home Sharing Ordinance (HSO) reduced listings by 70% and prices of single-family homes by 5.5%, with stronger effects in locations attractive to tourists. We do not find that the HSO affected prices of apartments, which points to the presence of substantial negative external effects of short-term rentals within apartment buildings. These results explain why particularly cities with a high share of renters and apartments tend to oppose Airbnb.

CRPE秘书处
2018-9-17