| By: |
Benoit Faye (Larefi - Laboratoire d'analyse et de recherche en économie et finance internationales - UB - Université de Bordeaux) |
| Abstract: |
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 |
| Keywords: |
France,Econometrics,Heterogeneity,Bordeaux,Gironde,Hedonic Analysis,Market System,Nouvelle-Aquitaine,Price Determination,Segmentation,Tourism Economics,Tourism Market,Tourist Destination |
| Date: |
2021 |
| URL: |
http://d.repec.org/n?u=RePEc:hal:journl:hal-03407540&r=tur |