IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/111535.html
   My bibliography  Save this paper

Managing Airbnb: A Cross-Jurisdictional Review of Approaches for Regulating the Short-Term Rental Market

Author

Listed:
  • Cameron, Anna
  • Khanal, Mukesh
  • Tedds, Lindsay M.

Abstract

Canada’s short-term rental (STR) market has grown considerably in recent years, resulting in a heightened focus by local governments on adopting regulatory approaches to manage it. Indeed, since 2018, an increasing number of Canadian governments (largely cities) have introduced regulatory frameworks to both mitigate perceived negative impacts of the STR market, as well as reap some of its benefits. In light of the gap in Canada-focused research on STR regulation, this article analyzes in comparative perspective the regulatory approaches adopted in 11 Canadian jurisdictions in response to the rise of platform-mediated home sharing. We find that aspects of regulation, such as licensing and registration, are increasingly a question, not of “if,” but rather “how” and “to what extent,” with the most promising approaches being those that reflect sophisticated understandings of the range of activity that plays out in the market and the various actors, including platforms and property managers, involved. For jurisdictions looking to introduce or tweak approaches going forward, there is potential benefit in reframing market regulation as a governance issue, rather than a technical legal problem. From this standpoint, of particular promise are joint governance approaches which involve municipalities and other local jurisdictions implementing distinct rules within the context of an overarching provincial framework.

Suggested Citation

  • Cameron, Anna & Khanal, Mukesh & Tedds, Lindsay M., 2022. "Managing Airbnb: A Cross-Jurisdictional Review of Approaches for Regulating the Short-Term Rental Market," MPRA Paper 111535, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:111535
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/111535/1/MPRA_paper_111535.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Christof Pforr & Michael Volgger & Sara Cavalcanti Marques & Aji Cahya Nusantara, 2021. "Understanding and Managing the Impact of Airbnb," Springer Books, Springer, number 978-981-16-2952-5, December.
    2. Karen Ip & Nanda Lau, 2021. "The Regulation of Leasing Activities," Management for Professionals, in: Bing Wang & Tobias Just (ed.), Understanding China’s Real Estate Markets, edition 1, pages 115-126, Springer.
    3. Wegmann, Jake & Jiao, Junfeng, 2017. "Taming Airbnb: Toward guiding principles for local regulation of urban vacation rentals based on empirical results from five US cities," Land Use Policy, Elsevier, vol. 69(C), pages 494-501.
    4. ., 2021. "Regulating online video content: models and issues," Chapters, in: The Content, Impact, and Regulation of Streaming Video, chapter 7, pages 197-272, Edward Elgar Publishing.
    5. Wei-Chun Chou & Zengli Guo & Hao Guo & Liang Chen & Ge Zhang & Kaixin Liang & Ling Xie & Xianming Tan & Sara A. Gibson & Elena Rampanelli & Yan Wang & Stephanie A. Montgomery & W. June Brickey & Meng , 2021. "AIM2 in regulatory T cells restrains autoimmune diseases," Nature, Nature, vol. 591(7849), pages 300-305, March.
    6. Ananou, Foly & Chronopoulos, Dimitris K. & Tarazi, Amine & Wilson, John O.S., 2021. "Liquidity regulation and bank lending," Journal of Corporate Finance, Elsevier, vol. 69(C).
    7. Reynaert, Mathias & Ale-Chilet, Jorge & Chen, Cuicui & Li, Jing, 2021. "Colluding Against Environmental Regulation," CEPR Discussion Papers 16038, C.E.P.R. Discussion Papers.
    8. Christof Pforr & Michael Volgger & Sara Cavalcanti Marques & Aji Cahya Nusantara, 2021. "Regulatory Approaches—International Case Examples," Springer Books, in: Understanding and Managing the Impact of Airbnb, chapter 0, pages 97-137, Springer.
    9. Emma V. Petley & Hui-Fern Koay & Melissa A. Henderson & Kevin Sek & Kirsten L. Todd & Simon P. Keam & Junyun Lai & Imran G. House & Jasmine Li & Magnus Zethoven & Amanda X. Y. Chen & Amanda J. Oliver , 2021. "MAIT cells regulate NK cell-mediated tumor immunity," Nature Communications, Nature, vol. 12(1), pages 1-15, December.
    10. Karen Ip & Nanda Lau, 2021. "The Regulation of Leasing Activities," Management for Professionals, in: Bing Wang & Tobias Just (ed.), Understanding China’s Real Estate Markets, edition 2, pages 115-126, Springer.
    11. Kelly I.E. Farish & Lindsay M. Tedds, 2014. "User Fee Design by Canadian Municipalities: Considerations Arising from the Case Law," Canadian Tax Journal, Canadian Tax Foundation, vol. 62(3), pages 635-670.
    12. Mohammed Omer Ali AL-JAF, 2021. "Legal Regulation of Iraqi Bank Deposit Guarantee Company," International Journal of Science and Business, IJSAB International, vol. 5(5), pages 110-119.
    13. Lei Chen & Hui Li & Frank Hong Liu & Yue Zhou, 2021. "Bank regulation and systemic risk: cross country evidence," Review of Quantitative Finance and Accounting, Springer, vol. 57(1), pages 353-387, July.
    14. Maxence Valentin, 2021. "Regulating short‐term rental housing: Evidence from New Orleans," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 49(1), pages 152-186, March.
    15. Tedds, Lindsay M. & Cameron, Anna & Khanal, Mukesh & Crisan, Daria, 2021. "Why Existing Regulatory Frameworks Fail in the Short-term Rental Market: Exploring the Role of Regulatory Fractures," MPRA Paper 106712, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Boto-García, David & Balado-Naves, Roberto & Mayor, Matías & Baños-Pino, José Francisco, 2023. "Consumers' demand for operational licencing: evidence from Airbnb in Paris," Annals of Tourism Research, Elsevier, vol. 100(C).
    2. Petit, Gillian & Cameron, Anna & Khanal, Mukesh & Tedds, Lindsay M., 2022. "A Comparative Analysis of Short-Term Rental Regulations in Six Alberta Municipalities," MPRA Paper 112671, University Library of Munich, Germany.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Venkateswaran, Viswanathan & S Kumar, Deepak & Gupta, Deepak, 2021. "‘To Trust or Not’: Impact of camouflage strategies on trust in the sharing economy," Journal of Business Research, Elsevier, vol. 136(C), pages 110-126.
    2. Bruno Bruna & Faggini Marisa, 2020. "Sharing Competition: An Agent-Based Model for the Short-Term Accommodations Market," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 20(2), pages 1-13, April.
    3. Geoff Boeing, 2020. "Online rental housing market representation and the digital reproduction of urban inequality," Environment and Planning A, , vol. 52(2), pages 449-468, March.
    4. Ghossoub, Edgar A., 2023. "Economic growth, inflation, and banking sector competition," Economic Modelling, Elsevier, vol. 129(C).
    5. Izabela Jonek-Kowalska & Radosław Wolniak, 2022. "Sharing Economies’ Initiatives in Municipal Authorities’ Perspective: Research Evidence from Poland in the Context of Smart Cities’ Development," Sustainability, MDPI, vol. 14(4), pages 1-22, February.
    6. Francisco Nobre & Diogo Gonçalves & Ronize Cruz, 2023. "Short-term rentals and housing market: Evidence from portuguese metropolitan areas," CeBER Working Papers 2023-04, Centre for Business and Economics Research (CeBER), University of Coimbra.
    7. Juan Mariscal-Cáceres & Carmen Cristófol-Rodríguez & Luis Manuel Cerdá-Suárez, 2024. "Regulatory Implications of the Supervision and Management of Liquidity Risk: An Analysis of Recent Developments in Spanish Financial Institutions," JRFM, MDPI, vol. 17(2), pages 1-22, January.
    8. Chaang-Iuan Ho & Tzong-Shyuan Chen & Chin-Pei Li, 2023. "Airbnb’s Negative Externalities from the Consumer’s Perspective: How the Effects Influence the Booking Intention of Potential Guests," Sustainability, MDPI, vol. 15(11), pages 1-28, May.
    9. Shijie Sun & Shengyue Zhang & Xingjian Wang, 2021. "Characteristics and influencing factors of Airbnb spatial distribution in China’s rapid urbanization process: A case study of Nanjing," PLOS ONE, Public Library of Science, vol. 16(3), pages 1-19, March.
    10. Saibal Ghosh, 2023. "Stability versus soundness: what matters for women central bank governors?," Economic Change and Restructuring, Springer, vol. 56(4), pages 2315-2338, August.
    11. Esther Gal‐Or, 2021. "How does competition among lodging sharing platforms affect welfare and profits?," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 30(1), pages 45-62, February.
    12. Duan, Yuejiao & Fan, Xiaoyun & Wang, Yu, 2022. "Economic policy uncertainty and bank systemic risk: A cross-country analysis," Pacific-Basin Finance Journal, Elsevier, vol. 75(C).
    13. Kastoryano, Stephen & Vollaard, Ben, 2022. "Nautical Patrol and Illegal Fishing Practices," Other publications TiSEM c02852eb-237c-4c6b-af7c-9, Tilburg University, School of Economics and Management.
    14. Danisman, Gamze Ozturk & Tarazi, Amine, 2024. "ESG activity and bank lending during financial crises," Journal of Financial Stability, Elsevier, vol. 70(C).
    15. Malgorzata Mikita, 2022. "The Interrelationship Among Efficiency and Concentration of Banking System and its Stability: Evidence from Poland," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 670-689.
    16. Gurran, Nicole & Zhang, Yuting & Shrestha, Pranita, 2020. "‘Pop-up’ tourism or ‘invasion’? Airbnb in coastal Australia," Annals of Tourism Research, Elsevier, vol. 81(C).
    17. Ćehajić, Aida & Košak, Marko, 2022. "Bank lending and small and medium-sized enterprises’ access to finance – Effects of macroprudential policies," Journal of International Money and Finance, Elsevier, vol. 124(C).
    18. Dolnicar, Sara, 2019. "A review of research into paid online peer-to-peer accommodation," Annals of Tourism Research, Elsevier, vol. 75(C), pages 248-264.
    19. Agustín Álvarez-Herranz & Edith Macedo-Ruíz, 2021. "An Evaluation of the Three Pillars of Sustainability in Cities with High Airbnb Presence: A Case Study of the City of Madrid," Sustainability, MDPI, vol. 13(6), pages 1-35, March.
    20. Jiang, Haiyun & Xu, Shulin & Cui, Jingwen & Subhani, Ghulam, 2023. "The impact of bank capital, liquidity and funding liquidity on sustainable bank lending: Evidence from MENA region," Economic Analysis and Policy, Elsevier, vol. 79(C), pages 713-726.

    More about this item

    Keywords

    Short-term Rental; Market Failure; Regulatory Fracture; Regulation; Innovative Disruption; Community Impact;
    All these keywords.

    JEL classification:

    • H79 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Other
    • R19 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Other

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:111535. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.