Panel: The Sharing Economy and Housing Policy
(Housing, Community Development, and Urban Policy)

Friday, November 9, 2018: 10:15 AM-11:45 AM
Tyler - Mezz Level (Marriott Wardman Park)

*Names in bold indicate Presenter

Panel Chairs:  Ingrid Gould Ellen, New York University
Discussants:  Keren Horn, University of Massachusetts, Boston and Michael Suher, Federal Reserve Board of Governors

Airbnb and Rental Markets: Evidence from Australia
Peter J Phibbs, University of Sydney

The Sharing Economy and Housing Affordability: Evidence from Airbnb
Edward Kung, University of California, Los Angeles

The Tragedy of Your Upstairs Neighbors: When Is the Home-Sharing Externality Internalized?
Apostolos Filippas and John Joseph Horton, New York University

As sharing economy emerged, the short-term rental platform has grown, such as Airbnb, Homeaway, VRBO and Couch-surfing. Proponents claim that the short-term rental market exploits the use of underutilized housing resources, offers short-term rental operators additional income, and expands visitors’ accommodation choices. Critics believe the short-term rental market causes negative externalities, like noise, disruption, and safety concerns. More importantly, critics fear that the short-term rental market incentivizes commercial operators to convert long-term rental units to short-term rental units, exacerbating the housing affordability issue. This session will present new methods and findings from across the world regarding benefits and concerns of the short-term rental market. These findings are important for the sharing-economy regulation.