Die interessante Geschichte des heute weltweit agierenden Unternehmens airbnb (Kapitalwert über 30 Milliarden Dollar), das Privatzimmer an Privatkunden vermittelt, aber selbst keine Immobilien besitzt und nur von Buchungsgebühren lebt. (2)

This paper develops a growth model with land, housing services, and other goods that is capable of explaining a substantial portion of the movements in housing prices over the past forty years. Under certainty, the model exhibits a balanced aggregate growth, but with underlying sectoral change....