2024-03-29T09:12:55
154841
Fri Mar 29 09:12:57 EDT 2024
Code for: The Welfare Effects of Peer Entry: The Case of Airbnb and the Accommodation Industry
Chiara Farronato
Andrey Fradkin
154841
https://doi.org/10.3886/E154841V1
This repository contains the code and data description for the paper "The Welfare Effects of Peer Entry: The Case of Airbnb and the Accommodation Industry". Some data is not available because it was obtained via proprietary relationships with companies. Abstract:We study the welfare effects of enabling peer supply through Airbnb in the accommodation industry. We present a model of competition between flexible and
dedicated sellers - peer hosts and hotels - who provide differentiated products.
We estimate this model using data from major US cities and quantify the welfare
effects of Airbnb on travelers, hosts, and hotels. The welfare gains are concentrated in locations (New York) and times (New Year’s) when hotels are capacity
constrained. This occurs because peer hosts are responsive to market conditions,
expand supply as hotels fill up, and keep hotel prices down as a result
Airbnb
Digital Platforms
Industrial organization
D40 Market Structure, Pricing, and Design: General
L10 Market Structure, Firm Strategy, and Market Performance: General
L86 Information and Internet Services; Computer Software
United states
1/1/2011 – 12/31/2015
program source code
There are several data sources:<br>- Proprietary Airbnb data.<br>- Purchased data from Smith Travel Research.<br>- Data for Sabre Travel Solutions.<br>- The American Community Survey.<br>- WRLURI and Saiz measures of housing markets.<br>- Google Trends data for search to hotels in the United States.<br><br>