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| Fang-chang Kuo and Hsin-hsi Shih |
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| ''The impact of Airbnb: New evidence from Taiwanese hotels'' |
| ( 2022, Vol. 42 No.3 ) |
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| We investigate the impact of Airbnb on incumbent hotels in Taiwan. Different from previous studies, we propose a novel set of instrumental variables, which measure unused resources or capcities, to identify the causal impact. Compared to OLS estimates, IV-2SLS estimates indicate larger negative effects from Airbnb, suggesting potential biases resulted from endogeneity issues. Furthermore, smaller and lower quality hotels are heavily affected by Airbnb listings. |
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| Keywords: Airbnb, hotel, competition, instrumental variable |
JEL: L8 - Industry Studies: Services: General
L1 - Market Structure, Firm Strategy, and Market Performance: General |
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| Manuscript Received : Sep 27 2021 | | Manuscript Accepted : Sep 30 2022 |
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