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on Tourism Economics |
| By: | Lafourcade, Miren; Sheard, Nicholas |
| Abstract: | Airports are pivotal urban hubs and major clusters of economic activity, serving as critical transport nodes connecting cities to global networks. Beyond their scale and scope, airports shape the urban landscape and often stand as symbols of civic pride and local development aspiration, while simultaneously imposing substantial disamenities on populations living nearby. This paper explores the multifaceted relationship between airports, urban growth, and spatial inequalities both across and within cities, with a focus on cutting-edge research addressing the identification challenges in isolating airports’ causal effects on cities. Particular attention is devoted to underexplored economic dimensions, such as the transformative role of low-cost carriers and air tourism in driving urban development in small cities. |
| Keywords: | Tourism |
| JEL: | H54 L93 O18 R40 |
| Date: | 2026–04 |
| URL: | https://d.repec.org/n?u=RePEc:cpr:ceprdp:21380 |
| By: | Maximilian Schaefer; Kevin Ducbao Tran |
| Abstract: | Using data from Paris in 2017, we estimate demand for short-term accommodations, explicitly accounting for localized variation in demand across the city. Our counterfactual simulations show that Airbnb increases total consumer surplus by 924 million euros, affords Airbnb hosts a surplus of 21 million euros, while reducing total hotel profits by 778 million euros, resulting in an overall welfare gain of 167 million euros. Airbnb’s value to consumers is highest when demand is high and hotels operate close to capacity constraints. The impact of Airbnb on consumers and hotels is heterogeneous across the city: Hotels in outer districts would gain most from a ban of Airbnb. Conversely, consumer surplus would be reduced the most from a ban of Airbnb in these outer districts. |
| Date: | 2026–01–30 |
| URL: | https://d.repec.org/n?u=RePEc:bri:uobdis:26/837 |