Methodological discussion of Airbnb's hedonic study: A review of the problems and some proposals tested on Bordeaux City data
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2021
- ISIDORE Id: 10670/1.2f1731...
- hal: hal-03407540
- doi: 10.1016/j.annals.2020.103079
- PII: S0160-7383(20)30223-1
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info:eu-repo/semantics/altIdentifier/doi/10.1016/j.annals.2020.103079
http://creativecommons.org/licenses/by-nc/ , info:eu-repo/semantics/OpenAccess
Mots-clés
France Econometrics Heterogeneity Bordeaux Gironde Hedonic Analysis Market System Nouvelle-Aquitaine Price Determination Segmentation Tourism Economics Tourism Market Tourist DestinationSujets proches
Tourist traffic Tourism--Economic aspects Tourist trade Tourist industry Holiday industry Tourism industry Operators, Tour (Industry) Tourism operators (Industry) Tour operators (Industry) Visitor industry Travel industryCiter ce document
Benoit Faye, « Methodological discussion of Airbnb's hedonic study: A review of the problems and some proposals tested on Bordeaux City data », HAL SHS (Sciences de l’Homme et de la Société), ID : 10.1016/j.annals.2020.103079
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Résumé
Sharing economy-based accommodations has grown dramatically worldwide. Given the crucial role of pricing, academics have used hedonic methods to estimate a large number of implicit prices and accommodation characteristics. It is now time to question our estimation methods. Based on the hedonic methodological literature, this article outlines five proposals to improve model performance: extended specification of attributes, flexible specification of functional forms, market segmentation, and treatment of time and spatial heterogeneities. Each proposal is tested on 13,991 Airbnb listings in Bordeaux, one of the world's top urban tourism destinations. Findings offer significant guidelines for future studies and more relevant information to market players but also suggest that low performance on specific segments is not due to technical problems. © 2020 Elsevier Ltd
