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 year, the second intervention led to the exit of...

Seit rund zehn Jahren steigen in Berlin die Mietpreise von Wohnimmobilien stark an. Kurzzeitvermietungen über Vermittlungsplattformen wie Airbnb stehen im Verdacht diese Entwicklung weiter zu befeuern. Tatsächlich zeigen Schätzungen: Durch eine zusätzliche Airbnb-Unterkunft steigen im...

Cities worldwide have regulated peer-to-peer short-term rental platforms claiming that those platforms remove apartments from the long-term housing market, causing an in- crease in rents. Establishing and quantifying such a causal link is, however, challenging. We investigate two policy changes...

Seit rund zehn Jahren steigen in Berlin die Mietpreise von Wohnimmobilien stark an. Kurzzeitvermietungen über Vermittlungsplattformen wie Airbnb stehen im Verdacht diese Entwicklung weiter zu befeuern. Tatsächlich zeigen Schätzungen: Durch eine zusätzliche Airbnb-Unterkunft steigen im...

This article evaluates how two policy interventions in Berlin, Germany, have affected the supply of Airbnb listings in the city. We exploit this policy-induced variation to assess how Airbnb affects Berlin's rental market. Both interventions significantly reduced the overall number of Airbnb...

One key question that arises when assessing a supply-side theory is to what extent a firm that is not yet present in the market but has capabilities to repurpose its production capacity constitutes a competitive constraint to firms operating in the focal market. The main challenge for...