期刊
JOURNAL OF TRAVEL RESEARCH
卷 61, 期 5, 页码 1173-1186出版社
SAGE PUBLICATIONS INC
DOI: 10.1177/00472875211021660
关键词
Airbnb; trust; online P2P markets; digital platform; structural econometric model; differentiated goods market
This study utilized a differentiated goods market analysis to analyze the impact of hosts' attributes on market performance in Stockholm's Airbnb market. Findings suggest that very high review scores and Superhost certification significantly contribute to Airbnb's competitiveness and profitability, while the Airbnb plus luxury program enhances market welfare.
We employed a differentiated goods market analysis where we utilized, in addition to the prevailing goods' attributes, different types of the sellers' attributes including trust indicators. We incorporated both sets of attributes into a structural model of the whole market including demand and pricing equations with the hotels as an outside good. Applying the model to Stockholm's Airbnb market reveals that hosts' attributes significantly affect market performance. Simulations of market scenarios show that the very high review scores and the Superhost certification help Airbnb compete with hotels and increase profitability. We also show that the Airbnb plus luxury program, which makes the apartments a closer substitute for hotels, leads to an increase in Airbnb's market welfare. Our analysis provides a framework for understanding the full impact of the different attributes of the products, their providers, and their management in the sharing-economy accommodation market.
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