The Tragedy of Your Upstairs Neighbors: Is the Airbnb Negative Externality Internalized?
Horton, John J.;
Subject: Quantitative Finance - General Finance
A commonly expressed concern about the rise of the peer-to-peer rental market Airbnb is that hosts---those renting out their properties---impose costs on their unwitting neighbors. I consider the question of whether apartment building owners will, in a competitive renta... View more
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