abstract

The Sharing Economy and Housing Affordability: Evidence from Airbnb

Authors:

Kyle Barron,

Edward Kung,

Davide ProserpioAuthors Info & Claims

EC '18: Proceedings of the 2018 ACM Conference on Economics and Computation

Page 5

https://doi.org/10.1145/3219166.3219180

Published: 11 June 2018 Publication History

Get Access

Abstract

We assess the impact of home-sharing on residential house prices and rents. Using a dataset of Airbnb listings from the entire United States and an instrumental variables estimation strategy, we find that a 1% increase in Airbnb listings leads to a 0.018% increase in rents and a 0.026% increase in house prices at the median owner-occupancy rate zip code. The effect is moderated by the share of owner-occupiers, a result consistent with absentee landlords reallocating their homes from the long-term rental market to the short-term rental market. A simple model rationalizes these findings.

Supplementary Material

MP4 File (p5.mp4)

Download
429.39 MB

Cited By

View all

Altınkan O(2024)Mukayeseli Hukukta Yer Alan Kısa Süreli Kiralama Düzenlemelerinin Türk Hukukunda Yürürlüğe Giren Mevzuatla Birlikte DeğerlendirilmesiSüleyman Demirel Üniversitesi Hukuk Fakültesi Dergisi10.52273/sduhfd..1566978Online publication date: 6-Dec-2024
https://doi.org/10.52273/sduhfd..1566978
Ledraa TAlarabi S(2024)The Impact of Short-Term Rentals on Long-Term Rentals and the Housing Market in RiyadhBuildings10.3390/buildings1411369014:11(3690)Online publication date: 20-Nov-2024
https://doi.org/10.3390/buildings14113690
KAWAI YLI DONO S(2023)Practical Technologies for Analysis, Recommendation, and Visualization of User Behavior and Social Environment Dataユーザ行動と社会環境データの分析・推薦・可視化の実践的応用技術IEICE ESS Fundamentals Review10.1587/essfr.17.1_7217:1(72-80)Online publication date: 1-Jul-2023
https://doi.org/10.1587/essfr.17.1_72
Show More Cited By

Index Terms

The Sharing Economy and Housing Affordability: Evidence from Airbnb
1. Applied computing
  1. Law, social and behavioral sciences
    1. Economics

Recommendations

The Impact of the Sharing Economy on the Hotel Industry: Evidence from Airbnb's Entry Into the Texas Market
EC '15: Proceedings of the Sixteenth ACM Conference on Economics and Computation

Spurred by technological advancement, a number of decentralized peer-to-peer markets, now colloquially known as the sharing economy, have emerged as alternative suppliers of goods and services traditionally provided by long-established industries. A ...
The Impact of Large Investors on the Portfolio Optimization of Single-Family Houses in Housing Markets
Abstract
As a consequence of the real estate market crash after 2008, large investors invested a significant amount of wealth into single-family houses to construct a portfolio of rental dwellings, whose income is securitized in the capital. In some local ...
Detection of price bubbles in Istanbul housing market using LSTM autoencoders: a district-based approach
Abstract
Since the early 2000s, there has been a long-term price increase trend in the Istanbul housing market, and this situation also has led to price bubble speculations. Since the housing sector was caught with a high level of unsold housing stock to ...

Comments

Please enable JavaScript to view thecomments powered by Disqus.

Information & Contributors

Information

Published In

EC '18: Proceedings of the 2018 ACM Conference on Economics and Computation

June 2018

713 pages

ISBN:9781450358293

DOI:10.1145/3219166

General Chair:
Eva Tardos
Cornell University, USA
,
Program Chairs:
Edith Elkind
University of Oxford, UK
,
Rakesh Vohra
University of Pennsylvania, USA

Permission to make digital or hard copies of part or all of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for third-party components of this work must be honored. For all other uses, contact the Owner/Author.

Publisher

Association for Computing Machinery

New York, NY, United States

Publication History

Published: 11 June 2018

Check for updates

Author Tags

Qualifiers

Abstract

Conference

EC '18

Sponsor:

SIGecom

EC '18: ACM Conference on Economics and Computation

June 18 - 22, 2018

NY, Ithaca, USA

Acceptance Rates

EC '18 Paper Acceptance Rate 70 of 269 submissions, 26%;

Overall Acceptance Rate 664 of 2,389 submissions, 28%

Upcoming Conference

EC '25

Sponsor:
sigecom

The 25th ACM Conference on Economics and Computation

July 7 - 11, 2025

Stanford , CA , USA

Contributors

Other Metrics

View Article Metrics

Bibliometrics & Citations

Bibliometrics

Article Metrics

37
Total Citations
View Citations
777
Total Downloads

Downloads (Last 12 months)36
Downloads (Last 6 weeks)7

Reflects downloads up to 30 Dec 2024

Other Metrics

View Author Metrics

Citations

Cited By

View all

Altınkan O(2024)Mukayeseli Hukukta Yer Alan Kısa Süreli Kiralama Düzenlemelerinin Türk Hukukunda Yürürlüğe Giren Mevzuatla Birlikte DeğerlendirilmesiSüleyman Demirel Üniversitesi Hukuk Fakültesi Dergisi10.52273/sduhfd..1566978Online publication date: 6-Dec-2024
https://doi.org/10.52273/sduhfd..1566978
Ledraa TAlarabi S(2024)The Impact of Short-Term Rentals on Long-Term Rentals and the Housing Market in RiyadhBuildings10.3390/buildings1411369014:11(3690)Online publication date: 20-Nov-2024
https://doi.org/10.3390/buildings14113690
KAWAI YLI DONO S(2023)Practical Technologies for Analysis, Recommendation, and Visualization of User Behavior and Social Environment Dataユーザ行動と社会環境データの分析・推薦・可視化の実践的応用技術IEICE ESS Fundamentals Review10.1587/essfr.17.1_7217:1(72-80)Online publication date: 1-Jul-2023
https://doi.org/10.1587/essfr.17.1_72
Garau-Vadell JGutiérrez-Taño DDíaz-Armas R(2023)The Moderating Role of Generation on Residents’ Support for P2P Vacation Accommodations: Millennials versus Older GenerationsSage Open10.1177/2158244023115760613:1Online publication date: 28-Feb-2023
https://doi.org/10.1177/21582440231157606
Adamiak CMarjavaara R(2023)Airbnb and urban population change: an empirical analysis of the case of Stockholm, SwedenUrban Research & Practice10.1080/17535069.2023.228652117:5(654-680)Online publication date: 4-Dec-2023
https://doi.org/10.1080/17535069.2023.2286521
Bornioli AVermeulen Svan Haaren JValente RMingardo G(2022)The Impacts of Tourism Stays on Residents’ Self-Reported Health: A Pan-European Analysis on the Role of Age and Urbanization LevelSustainability10.3390/su1403115714:3(1157)Online publication date: 20-Jan-2022
https://doi.org/10.3390/su14031157
Cermeño HBretfeld NBernhardt F(2022)Knowledge Practices Within and Beyond Sharing and Commoning Urban InitiativesFrontiers in Sustainable Cities10.3389/frsc.2022.7673654Online publication date: 18-Apr-2022
https://doi.org/10.3389/frsc.2022.767365
Farronato CFradkin A(2022)The Welfare Effects of Peer Entry: The Case of Airbnb and the Accommodation IndustryAmerican Economic Review10.1257/aer.20180260112:6(1782-1817)Online publication date: 1-Jun-2022
https://doi.org/10.1257/aer.20180260
Törnberg P(2022)Platform placemaking and the digital urban culture of AirbnbificationUrban Transformations10.1186/s42854-022-00032-w4:1Online publication date: 21-Mar-2022
https://doi.org/10.1186/s42854-022-00032-w
Garay-Tamajón LLladós-Masllorens JMeseguer-Artola AMorales-Pérez S(2022)Analyzing the influence of short-term rental platforms on housing affordability in global urban destination neighborhoodsTourism and Hospitality Research10.1177/1467358421105756822:4(444-461)Online publication date: 22-Jan-2022
https://doi.org/10.1177/14673584211057568
Show More Cited By

View Options

Login options

Check if you have access through your login credentials or your institution to get full access on this article.

Cited By

Index Terms

Recommendations

The Impact of the Sharing Economy on the Hotel Industry: Evidence from Airbnb's Entry Into the Texas Market

The Impact of Large Investors on the Portfolio Optimization of Single-Family Houses in Housing Markets

Detection of price bubbles in Istanbul housing market using LSTM autoencoders: a district-based approach