WebMay 2, 2024 · In just over a decade, Airbnb has transformed hospitality around the world. Its platform now counts some 500 million guest stays in 81,000 cities; in December it announced it had collected and... Airbnb runs an online marketplace for short-term lodging rentals. It largely does not own dwellings or real estate of its own; instead, it collects fees by acting as a broker between those with dwellings to rent and those looking to book lodging. The perception that Airbnb tries to foster is that its “hosts” are … See more “The sharing economy” refers to a constellation of (mostly) Silicon Valley–based companies that use the internet as their … See more This section elaborates on the potential benefits identified in the previous section. For each benefit, it assesses how likely the benefit is to … See more Josh Bivens joined the Economic Policy Institute in 2002 and is currently EPI’s director of research. His primary areas of research include macroeconomics, social insurance, and … See more This section elaborates on the potential costs highlighted in the overview section. It assesses the likely outcome of these costs, estimates their empirical heft, and assesses the likely … See more
The Tragedy of Your Upstairs Neighbors: Externalities …
WebFeb 2, 2024 · Externalities are economic costs that are borne by people not directly engaged in a transaction. In the case of neighbors on a street with short-term renters, externalities include noise and stress on neighborhood infrastructure like trash pickup. These externalities are why hotels are clustered away from residential areas. WebSep 22, 2024 · A large share of growth in the sharing or platform economy is driven by peer-to-peer (P2P) accommodation providers such as Airbnb. The literature argues for both positive and negative socio-cultural, economic and environmental impacts emanating from the tourism and hospitality businesses and value chains that are dependent on AirBnB … tiny canoe
Short-term rentals and the housing market: Quasi-experimental evidence ...
Webmarkets, have inspired a robust economics literature on platform externalities, which focuses almost exclusively on quantity-based externalities (e.g., eBay buyers bene t when new sellers join the market and are potentially harmed by additional buyers). Less academic attention has been paid to externalities that arise from network quality. Weberties. If short-term rentals provided via Airbnb create a concentration of what are e ectively unsafe hotels or upsetting quiet residential neighborhoods, they would generate a local … WebAt city destinations popular with tourists, the negative externalities of Airbnb are most pronounced. This explains why the most restrictive government regulations have been implemented in such places, … pasta with seafood recipes