What is the value of being a superhost ?
Berentsen, Aleksander; Rojas Breu, Mariana; Waller, Christopher (2019), What is the value of being a superhost ?. https://basepub.dauphine.fr/handle/123456789/20002
TypeDocument de travail / Working paper
External document linkhttps://econpapers.repec.org/paper/fipfedlwp/2019-019.htm
Series titlePreprints LEDa
MetadataShow full item record
Department of Business and Economics - University of Basel
Rojas Breu, Mariana
Laboratoire d'Economie de Dauphine [LEDa]
Abstract (EN)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 fi nd 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.
Subjects / KeywordsRatings; Airbnb; Price Posting
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