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 …

, however, challenging. We investigate two policy changes in Berlin to first assess how effective they were in regulating Airbnb … entire homes listed on Airbnb substantially, by eight to ten listings per square kilometer. In particular the introduction of … days per year that Airbnb listings are available for booking. In a second step, we then use this policy-induced change in …