[Busec] Practice talk

Davide Proserpio dproserp at bu.edu
Thu Sep 17 10:43:24 EDT 2015


I moved tomorrow's practice talk to the Hariri Institute (MCS 180) at 11am.

On 11 September 2015 at 16:42, Davide Proserpio <dproserp at bu.edu> wrote:

> Hi All,
>
>
> In a couple of weeks I have my first ever job talk at USC and I  would
> really appreciate your help.
>
> I am planning on giving a practice talk Tuesday at 4pm to 5:30pm  (room
> TBD)
>
> Title:
> The Rise of the Sharing Economy: Estimating the Impact of Airbnb on the
> Hotel Industry
> Abstract:
> A number of decentralized peer-to-peer markets, now colloquially known as
> the sharing economy, have emerged as alternative suppliers of goods and
> services traditionally provided by long-established industries. A central
> question surrounding the sharing economy regards its long-term impact: will
> peer-to-peer platforms materialize as viable mainstream alternatives to
> traditional providers, or will they languish as niche markets? In this
> paper, we study Airbnb, a sharing economy pioneer offering short  term
> accommodation. Combining data from Airbnb and the Texas hotel industry, we
> estimate the impact of Airbnb’s entry into the Texas market on hotel room
> revenue, and study the market response of hotels. To identify Airbnb’s
> causal impact on hotel room revenue, we use a difference-in-differences
> empirical strategy that exploits the significant spatiotemporal variation
> in the patterns of Airbnb adoption across city-level markets. We estimate
> that in Austin, where Airbnb supply is highest, the impact on hotel revenue
> is roughly 8-10%. We find that Airbnb’s impact is non-uniformly
> distributed, with lower-priced hotels, and hotels not catering to business
> travel being the most affected segments. Finally, we find that affected
> hotels have responded by reducing prices, an impact that benefits all
> consumers, not just participants in the sharing economy. Our work provides
> empirical evidence that the sharing economy is making inroads by
> successfully competing with, and acquiring market share from, incumbent
> firms.
>
> --
> Davide Proserpio
> Computer Science, Boston University
> http://cs-people.bu.edu/dproserp/
>



-- 
Davide Proserpio
Computer Science, Boston University
http://cs-people.bu.edu/dproserp/
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