Transferable Sharing Rights: A Theoretical Model for Regulating Airbnb and the Short-Term Rental Market

8 Pages Posted: 24 Oct 2014  

Stephen R. Miller

University of Idaho College of Law - Boise

Date Written: October 24, 2014

Abstract

This short essay proposes a theoretical model for regulating the short-term rental market, which is typified by online markets such as Airbnb.com. The basic mechanism proposed here is a "transferable sharing right" (TSR), which is modeled on existing transferable development rights regimes. The proposed TSR regime would provide cities a means of regulating short-term rentals while also charging a fee equal to externalities and lost city revenue resulting from short-term rentals. Further, TSRs could be used to re-invest in neighborhoods where short-term rentals occur or to drive economic development to neighborhoods where cities seek to encourage tourism.

Keywords: sharing economy, TSRs, TDRs, property, tourism, land use

Suggested Citation

Miller, Stephen R., Transferable Sharing Rights: A Theoretical Model for Regulating Airbnb and the Short-Term Rental Market (October 24, 2014). Available at SSRN: https://ssrn.com/abstract=2514178 or http://dx.doi.org/10.2139/ssrn.2514178

Stephen R. Miller (Contact Author)

University of Idaho College of Law - Boise ( email )

514 W. Jefferson St
Boise, ID 83702
United States
208-364-4559 (Phone)
208-344-2176 (Fax)

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