Dear Guests, Please Pay for my License – Analyzing the Heterogenous Cost-Pass-Through of Commercial and Non-Commercial Rental Suppliers in Response to Regulatory Policies

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dc.contributor.authorMüller, Michelle
dc.contributor.authorNeumann, Jürgen
dc.contributor.authorKundisch, Dennis
dc.date.accessioned2021-12-24T18:24:30Z
dc.date.available2021-12-24T18:24:30Z
dc.date.issued2022-01-04
dc.description.abstractPeer-to-peer rental markets have been shown to adversely impact the traditional hospitality industry and housing affordability, fueling the demand for regulation. While localities have implemented policies to address these issues, little is known about how rental suppliers respond to those regulations. Analyzing a policy implemented in New Orleans, which introduced annual bring-to-market costs while simultaneously banning listings from one city-center neighborhood, we reveal that hosts increase their prices as a result of the policy. We show that non-commercial hosts completely pass their additional costs onto their consumers. By contrast, commercial hosts with legalized listings located in the city center only partially pass on their costs to their guests, while decreasing prices in the rest of the city. Our results indicate that the policy falls short of reducing pressure on housing affordability in the city center, as peer-to-peer renting remains attractive when bring-to-market costs can easily be passed through to consumers.
dc.format.extent10 pages
dc.identifier.doi10.24251/HICSS.2022.850
dc.identifier.isbn978-0-9981331-5-7
dc.identifier.urihttp://hdl.handle.net/10125/80191
dc.language.isoeng
dc.relation.ispartofProceedings of the 55th Hawaii International Conference on System Sciences
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subjectStrategy, Information, Technology, Economics, and Society (SITES)
dc.subjectdifference-in-differences
dc.subjecthost types
dc.subjectpeer-to-peer rental markets
dc.subjectprice setting
dc.subjectshort-term rental regulation
dc.titleDear Guests, Please Pay for my License – Analyzing the Heterogenous Cost-Pass-Through of Commercial and Non-Commercial Rental Suppliers in Response to Regulatory Policies
dc.type.dcmitext

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