Airbnb
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Behind NYC’s Tightening Restrictions on Airbnb and Short-Term Rentals
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On September 5th, 2023, New York City implemented a municipal policy mandating that all hosts offering rentals for less than 30 days register with the city. The policy, known as Local Law 18, or the Short-Term Rental Registration Law, reinforces existing laws that prohibit individuals from renting out their residences…
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Risks and Regulations of the Sharing Economy
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The concept of a sharing economy, which includes businesses such as Uber and Airbnb, enables people to utilize an item or service without acquiring actual ownership. While its increasing popularity brings benefits to users, it nevertheless poses a number of risks. In his recent study, “Share and Share Dislike: The…
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Renting While Black: Revealed Preferences in the Sharing Economy
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Evidence from a recent field experiment, based on data from Airbnb, demonstrates that racial discrimination persists on modern, online sharing marketplaces. Results indicate that guests with distinctively African-American names were found to be 16 percent less likely to be accepted by hosts on the site than guests with distinctively White…