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Who Benefits from the "Sharing" Economy of Airbnb?

Quattrone, G; Proserpio, D; Quercia, D; Capra, L; Musolesi, M; (2016) Who Benefits from the "Sharing" Economy of Airbnb? In: Bourdeau, J and Hendler, J and Nkambou, R and Horrocks, I and Zhao, BY, (eds.) WWW 2016: 25th International World Wide Web Conference Montreal, Canada, April 11 - 15, 2016. (pp. pp. 1385-1394). International World Wide Web Conferences Steering Committee Republic and Canton of Geneva: Geneva, Switzerland. Green open access

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Abstract

Sharing economy platforms have become extremely popular in the last few years, and they have changed the way in which we commute, travel, and borrow among many other activities. Despite their popularity among consumers, such companies are poorly regulated. For example, Airbnb, one of the most successful examples of sharing economy platform, is often criticized by regulators and policy makers. While, in theory, municipalities should regulate the emergence of Airbnb through evidence-based policy making, in practice, they engage in a false dichotomy: some municipalities allow the business without imposing any regulation, while others ban it altogether. That is because there is no evidence upon which to draft policies. Here we propose to gather evidence from the Web. After crawling Airbnb data for the entire city of London, we find out where and when Airbnb listings are offered and, by matching such listing information with census and hotel data, we determine the socio-economic conditions of the areas that actually benefit from the hospitality platform. The reality is more nuanced than one would expect, and it has changed over the years. Airbnb demand and offering have changed over time, and traditional regulations have not been able to respond to those changes. That is why, finally, we rely on our data analysis to envision regulations that are responsive to real-time demands, contributing to the emerging idea of "algorithmic regulation".

Type: Proceedings paper
Title: Who Benefits from the "Sharing" Economy of Airbnb?
Event: 25th International World Wide Web Conference
Location: Montreal, Canada
Dates: April 11 - 15, 2016
ISBN-13: 9781450341431
Open access status: An open access version is available from UCL Discovery
DOI: 10.1145/2872427.2874815
Publisher version: http://dx.doi.org/10.1145/2872427.2874815
Language: English
UCL classification: UCL
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science > Dept of Computer Science
URI: https://discovery.ucl.ac.uk/id/eprint/1483036
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