Estimating the implicit value of a short-term rental license: A case study of Airbnb survivals in New York city
Augusto Voltes-Dorta
Abstract:Following New York City’s recent regulations requiring hosts of short-term accommodations to obtain licenses, most hosts either exited the market or switched to monthly rentals. This raises the question of the implicit value of a short-term rental license—a topic that has not received much attention in the literature. To address this gap, we estimated several fixed-effect negative-binomial regressions using data on New York’s extant Airbnb listings from February 2023 to March 2024. We found that short-term lic… Show more
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