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Article Dans Une Revue Regional Science and Urban Economics Année : 2024

Airbnb and rental markets: evidence from Berlin

Résumé

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.

Dates et versions

hal-04551670 , version 1 (18-04-2024)

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Citer

Tomaso Duso, Claus Michelsen, Maximilian Schäfer, Kevin Ducbao Tran. Airbnb and rental markets: evidence from Berlin. Regional Science and Urban Economics, 2024, 106, pp.104007. ⟨10.1016/j.regsciurbeco.2024.104007⟩. ⟨hal-04551670⟩
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