{"title":"The Impact of Sharing Economy: New Evidence from Airbnb in Taiwan","authors":"Fang-Chang Kuo, Hsin-Hsi Shih","doi":"10.2139/ssrn.3622098","DOIUrl":null,"url":null,"abstract":"We investigate the impact of Airbnb on incumbent hotels' revenue in Taiwan. Combining listing information scraped from Airbnb website with a panel of hotel revenues, we propose a novel set of instrumental variables to identify the casual impact. Relative to OLS estimate, IV-2SLS estimates indicate larger negative effects from Airbnb. Furthermore, smaller and lower quality hotels are heavily affected by Airbnb listings.","PeriodicalId":11837,"journal":{"name":"ERN: Other IO: Empirical Studies of Firms & Markets (Topic)","volume":"4 1","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2020-06-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"ERN: Other IO: Empirical Studies of Firms & Markets (Topic)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.3622098","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 1
Abstract
We investigate the impact of Airbnb on incumbent hotels' revenue in Taiwan. Combining listing information scraped from Airbnb website with a panel of hotel revenues, we propose a novel set of instrumental variables to identify the casual impact. Relative to OLS estimate, IV-2SLS estimates indicate larger negative effects from Airbnb. Furthermore, smaller and lower quality hotels are heavily affected by Airbnb listings.
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