Munich Personal RePEc Archive

Do short-term rent platforms affect rents? Evidence from Airbnb in Barcelona

Segú, Mariona (2018): Do short-term rent platforms affect rents? Evidence from Airbnb in Barcelona.

WarningThere is a more recent version of this item available.
[img]
Preview
PDF
MPRA_paper_84369.pdf

Download (1MB) | Preview

Abstract

Peer-to-peer platforms such as airbnb have recently entered the market thanks to the development of new technologies and their influence on traditional markets remains still understudied. Similarly, the multiplicity of local regulations adopted by big touristic cities in developed countries shows a lack of consensus both on the consequences and on the role of regulation. However, the actual impact of airbnb’s market entry on rents remains still unknown. I assess the causal impact of the beginning of airbnb’s economic activity on housing rents for the city of Barcelona using a Bartiklike instrumental strategy. Results suggest that airbnb is responsible for a 4% increase in rents.

Available Versions of this Item

Logo of the University Library LMU Munich
MPRA is a RePEc service hosted by
the University Library LMU Munich in Germany.