We exploit two policy interventions in Berlin, Germany, to causally identify the impact of Airbnb on rental markets …. While the first intervention significantly reduced the number of high-availability Airbnb listings bookable for most of the … Airbnb supply has a much larger impact on rents and long-term rental supply for the first reform. This is consistent with more …

after changes in tax enforcement and a demand or supply shifter. We illustrate our approach using data on Airbnb collection … that taxes are paid on roughly zero to 3.5 percent of Airbnb transactions prior to enforcement. …