منابع مشابه
Agent Behavior in the Sharing Economy: Evidence from Airbnb
One of the major differences between markets that follow a " sharing economy " paradigm and traditional two-sided markets is that, in the sharing economy, the supply side includes individual nonprofessional decision makers, in contrast to firms and professional agents. Using a data set of prices and availability of listings on Airbnb, we find that there exist substantial differences in the oper...
متن کاملThe Critical Role of Digital Marketplace Design: Evidence from Airbnb
There have always been unused assets and people who are not working. Without transaction costs, many of these assets and people could be employed in productive ways, if only for a short time. These transactions could generate value by expanding market capacity, offering new products, and providing sources of income for sellers. However, until recently, the costs of transactions between unacquai...
متن کاملSearch, Matching, and the Role of Digital Marketplace Design in Enabling Trade: Evidence from Airbnb
Digital peer-to-peer marketplaces have increased the volume of trade in underutilized assets. I use the setting of Airbnb to investigate transaction costs in these markets and the role of search engine design in reducing these costs. I show that this market is characterized by many options, heterogeneity in preferences, and uncertain availability. Consequently, search is limited, time-consuming...
متن کاملSearch, Matching, and the Role of Digital Marketplace Design in Enabling Trade: Evidence from Airbnb
Digital peer-to-peer marketplaces have increased trade in underutilized assets. I use the setting of Airbnb to investigate transaction costs in peer-to-peer markets and the role of search engine design in reducing these costs. I show that search is limited, directed, and often results in the rejection of searchers by hosts due to uncertain seller availability. I document the reasons for these r...
متن کاملThe Effect of Power Plants on Local Housing Values and Rents: Evidence from Restricted Census Microdata
Current trends in electricity consumption imply that hundreds of new fossil-fuel power plants will be built in the United States over the next several decades. Power plant siting has become increasingly contentious, in part because power plants are a source of numerous negative local externalities including elevated levels of air pollution, haze, noise and traffic. Policymakers attempt to take ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2020
ISSN: 1556-5068
DOI: 10.2139/ssrn.3676909