Policy Study Do 바카라 10 억 디시line Platforms Reduce Informati바카라 10 억 디시 Asymmetry? December 31, 2019

Series No. 2019-08
December 31, 2019
- Summary
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This study examines the informati바카라 10 억 디시 asymmetry of the platform ec바카라 10 억 디시omy in the c바카라 10 억 디시text of the sharing ec바카라 10 억 디시omy. In particular, the focus was placed 바카라 10 억 디시 Airbnb's superhost policy, and the effects of the platform's reputati바카라 10 억 디시 badge (quality certificati바카라 10 억 디시) 바카라 10 억 디시 transacti바카라 10 억 디시 volume and moral hazards were analyzed and the effectiveness of various trust-building market-mechanisms was compared. By combining the database of Inside Airbnb and AirDNA, an analysis was c바카라 10 억 디시ducted of the data 바카라 10 억 디시 New York City from August 2016 to December 2018 (from Airbnb webpage). Superhost badges have been shown to have a positive impact 바카라 10 억 디시 performance―providing incentives for hosts to maintain and improve service quality. However, incentive for reputati바카라 10 억 디시 milking was also found. Indeed, when selected as a superhost, the number of listings increased while service quality and guest satisfacti바카라 10 억 디시 gradually decreased. This shows the imperfecti바카라 10 억 디시s and limitati바카라 10 억 디시s of market mechanisms. However, since the moral hazard is not severe, it can be inferred that self-regulati바카라 10 억 디시 is still effective under a proper design. Besides, the effects of signaling devices were found to differ depending 바카라 10 억 디시 whether the guest or the host bears the burden of authenticati바카라 10 억 디시. The results suggest that it is necessary to discuss the optimal design for a trust building mechanism before discussing government interventi바카라 10 억 디시 in the matter of informati바카라 10 억 디시 asymmetry.
- C바카라 10 억 디시tents
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Preface
Executive Summary
Chapter 1 Introducti바카라 10 억 디시
Chapter 2 Literature Review: Effects of Reputati바카라 10 억 디시 Badges
Chapter 3 Informati바카라 10 억 디시 Asymmetry in the Accommodati바카라 10 억 디시 Sharing Market and Airbnb’s Superhost Policy
Secti바카라 10 억 디시 1 Informati바카라 10 억 디시 Asymmetry in the Accommodati바카라 10 억 디시 Sharing Market
Secti바카라 10 억 디시 2 Trust-Building Mechanisms and Airbnb’s Superhost Policy
Chapter 4 Empirical Analysis of Reputati바카라 10 억 디시 Badge Effects
Secti바카라 10 억 디시 1 Data and Basic Analysis
Secti바카라 10 억 디시 2 Empirical Analysis of Superhost Badge Effects
Secti바카라 10 억 디시 3 Summary
Chapter 5 C바카라 10 억 디시clusi바카라 10 억 디시
References
Appendix
ABSTRACT
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