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What is the Value of Being a Superhost?
Discussion paper / Internet publication
 
ID 4522971
Digital Object Identifier DOI 10.20955/wp.2019.019
Author(s) Berentsen, Aleksander; Rojas Breu, Mariana; Waller, Christopher J.
Author(s) at UniBasel Berentsen, Aleksander
Rojas Breu, Mariana
Year 2019
Month and day 07-01
Title What is the Value of Being a Superhost?
Series title RESEARCH DIVISION - Working Paper Series
Volume 2019
Number 19A
Publisher / Institution Federal Reserve Bank of St. Louis
URL https://ideas.repec.org/p/fip/fedlwp/2019-019.html
Keywords Ratings; Airbnb; Price Posting
Abstract We construct a search model where sellers post prices and produce goods of unknown quality. A match reveals the quality of the seller. Buyers rate sellers based on quality. We show that unrated sellers charge a low price to attract buyers and that highly rated sellers post a high price and sell with a higher probability than unrated sellers. We find that welfare is higher with a ratings system. Using data on Airbnb rentals, we show that Superhosts and hosts with high ratings: 1) charge higher prices, 2) have a higher occupancy rate and 3) higher revenue than average hosts.
edoc-URL https://edoc.unibas.ch/73599/
Full Text on edoc No
 
   

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