Table 8.

Results for licensing requirements

Outcome (ATT)
MotivationActionTargetPrivate listingsCommercial listings
Housing
Overtourism
Competition
Host require licenses: hosts require permissions issued by local authorities to be active on STR platformsAdded listings
Removed listings
Availability
Reviews
−0.231*** (0.036)
0.157*** (0.046)
−0.389*** (0.167)
−1.212*** (0.104)
−0.249*** (0.038)
−0.359*** (0.068)
−0.393* (0.248)
−0.824*** (0.102)
Outcome (ATT)
MotivationActionTargetPrivate listingsCommercial listings
Housing
Overtourism
Competition
Host require licenses: hosts require permissions issued by local authorities to be active on STR platformsAdded listings
Removed listings
Availability
Reviews
−0.231*** (0.036)
0.157*** (0.046)
−0.389*** (0.167)
−1.212*** (0.104)
−0.249*** (0.038)
−0.359*** (0.068)
−0.393* (0.248)
−0.824*** (0.102)

Treated units: 32 districts/neighborhoods in Barcelona, Berlin, Madrid, and Paris. Dependent variables added listings, removed listings, and reviews are transformed logarithmically. Standard errors in parentheses are produced by 1000 bootstraps.

*

p < 0.05; **p < 0.01; ***p < 0.001. Includes controls and location/time fixed effects.

Table 8.

Results for licensing requirements

Outcome (ATT)
MotivationActionTargetPrivate listingsCommercial listings
Housing
Overtourism
Competition
Host require licenses: hosts require permissions issued by local authorities to be active on STR platformsAdded listings
Removed listings
Availability
Reviews
−0.231*** (0.036)
0.157*** (0.046)
−0.389*** (0.167)
−1.212*** (0.104)
−0.249*** (0.038)
−0.359*** (0.068)
−0.393* (0.248)
−0.824*** (0.102)
Outcome (ATT)
MotivationActionTargetPrivate listingsCommercial listings
Housing
Overtourism
Competition
Host require licenses: hosts require permissions issued by local authorities to be active on STR platformsAdded listings
Removed listings
Availability
Reviews
−0.231*** (0.036)
0.157*** (0.046)
−0.389*** (0.167)
−1.212*** (0.104)
−0.249*** (0.038)
−0.359*** (0.068)
−0.393* (0.248)
−0.824*** (0.102)

Treated units: 32 districts/neighborhoods in Barcelona, Berlin, Madrid, and Paris. Dependent variables added listings, removed listings, and reviews are transformed logarithmically. Standard errors in parentheses are produced by 1000 bootstraps.

*

p < 0.05; **p < 0.01; ***p < 0.001. Includes controls and location/time fixed effects.

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