8 Pages Posted: 24 Oct 2014
Date Written: October 24, 2014
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: 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