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Platform as a Rule Maker : Evidence from Airbnb's Cancellation Policies

Jia, Jian; Jin, Ginger Zhe; Wagman, Liad - National Bureau of Economic Research - 2021

Digital platforms are not only match-making intermediaries but also establish internal rules that govern all users in their ecosystems. To better understand the governing role of platforms, we study two Airbnb pro-guest rules that pertain to guest and host cancellations, using data on Airbnb and...

Persistent link: https://www.econbiz.de/10012585362

Valuing and Pricing Retail Leases with Renewal and Overage Options

Hendershott, Patric H. - 2002

overage options to that of the tenant renewal option at the same initial rent. As a result, not only are the values of the …

Persistent link: https://www.econbiz.de/10012469495

The Misallocation of Housing Under Rent Control

Glaeser, Edward L. - 1997

units due to rent control in New York City. This methodology involves comparing the relative consumption of different … demographic groups within the rent controlled area with the relative levels of consumption in a free market area. Our best … estimate of the costs of rent control in New York due to the misallocation of rental apartments is 200 dollars per apartment …

Persistent link: https://www.econbiz.de/10012472591

The Effects of Short-Term Rental Regulation : Insights from Chicago

Jin, Ginger Zhe; Wagman, Liad; Zhong, Mengyi - National Bureau of Economic Research - 2024

We provide an in-depth study of short-term rental (STR) regulation in Chicago. While many municipalities choose between outright bans or laissez-faire strategies concerning STR activities, Chicago pioneered a middle-ground ordinance, enabling the market to exist with limitations and...

Persistent link: https://www.econbiz.de/10014576565

Eviction and Poverty in American Cities

Collinson, Robert; Humphries, John Eric; Mader, Nicholas S. - National Bureau of Economic Research - 2022

More than two million U.S. households have an eviction case filed against them each year. Policymakers at the federal, state, and local levels are increasingly pursuing policies to reduce the number of evictions, citing harm to tenants and high public expenditures related to homelessness. We...

Persistent link: https://www.econbiz.de/10013362036

The Effects of Legal Representation on Tenant Outcomes in Housing Court : Evidence from New York City's Universal Access Program

Cassidy, Michael T.; Currie, Janet M. - National Bureau of Economic Research - 2022

Housing is one of the areas where it may be most critical for poor people to have access to legal representation in civil cases. We study the roll-out of New York City's Universal Access to Counsel program (UA), using detailed address-level housing court data from 2016 to 2019. The program,...

Persistent link: https://www.econbiz.de/10013172136

The Divergence of Legal Procedures

Balas, Aron - 2008

Djankov et al. (2003a) propose and measure for 109 countries in the year 2000 an index of formalism of legal procedure for two simple disputes: eviction of a non-paying tenant and collection of a bounced check. For a sub-sample of 40 countries, we compute this index every year starting in 1950,...

Persistent link: https://www.econbiz.de/10012464838

The Nominal Rigidity of Apartment Rents

Genesove, David - 1999

among apartment rents in the U.S. between 1974-1981. 29 percent of units had no change in nominal rent from year to year …

Persistent link: https://www.econbiz.de/10012471657

The Coming Rise in Residential Inflation

Bolhuis, Marijn A.; Cramer, Judd N. L.; Summers, … - National Bureau of Economic Research - 2022

We study how the recent run-up in housing and rental prices affects the outlook for inflation in the United States. Housing held down overall inflation in 2021. Despite record growth in private market-based measures of home prices and rents, government measured residential services inflation was...

Persistent link: https://www.econbiz.de/10012938764

Learning about Housing Cost : Survey Evidence from the German House Price Boom

Kindermann, Fabian; Le Blanc, Julia; Piazzesi, Monika; … - National Bureau of Economic Research - 2021

This paper uses new household survey data to study expectation formation during the recent housing boom in Germany. The cross section of forecasts depends on only two household characteristics: location and tenure. The average household in a region responds to local conditions but underpredicts...

Persistent link: https://www.econbiz.de/10012585379