available for rent for a larger part of the year. Further analyses suggest some effect heterogeneity across the city. In …

We exploit two policy interventions in Berlin, Germany, to causally identify the impact of Airbnb on rental markets … high-availability Airbnb listing crowds out 0.6 long-term rentals and, consequently, increases the asked square-meter rent …, these district experienced a larger slowdown in rent increases following the reform due to larger reductions in Airbnb …