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Una propuesta de medición de daño del delito y su impacto sobre los precios de Airbnb en la Ciudad de Buenos Aires

Author

Listed:
  • Alejandro Norton

    (UNCuyo)

  • Marcos Herrera-Gomez

    (CONICET-IELDE/UNSa)

Abstract

Using information from Airbnb accommodations in the City of Buenos Aires, this work analyses the relationship between criminal activities and rental prices. The work proposes a hedonic model that allows estimating the impact of the crime harm index, controlling for other factors (accommodation characteristics and contextual variables). The main contributions of the work can be summarized in three points. First, geographic information is used to construct an indicator of crime damage that weights the types of crimes with respect to the damage produced by them. Second, the study acknowledges the problem of crime endogeneity and provides robust evidence on the impact of crime on Airbnb prices. Third, the main model includes a correction for endogenous spatial dependence on prices and for spatial heteroskedasticity in the error term. Our results indicate that Airbnb prices are negatively affected by criminal activity in the neighbourhood.

Suggested Citation

  • Alejandro Norton & Marcos Herrera-Gomez, 2020. "Una propuesta de medición de daño del delito y su impacto sobre los precios de Airbnb en la Ciudad de Buenos Aires," Working Papers 24, Instituto de Estudios Laborales y del Desarrollo Económico (IELDE) - Universidad Nacional de Salta - Facultad de Ciencias Económicas, Jurídicas y Sociales.
    • Handle: RePEc:slt:wpaper:24
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    References listed on IDEAS

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    More about this item

    Keywords

    Airbnb Prices; Crime Harm Index; Spatial Hedonic Model.;
    All these keywords.

    JEL classification:

    • Z30 - Other Special Topics - - Tourism Economics - - - General
    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • R32 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Other Spatial Production and Pricing Analysis

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