Competition law approaches related to the operation of Airbnb in Budapest

In our study, we examine the operation of Airbnb among the sharing-based companies. We review the operation of Airbnb, the European and American regulatory systems, and examine the economic results of each regulation (e.g. a limit on the number of short-term housing days). Our initial hypothesis is...

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Bibliographic Details
Main Authors: Drabancz Áron
El-Meouch Nedim Márton
Corporate Author: The European Union’s contention in the reshaping global economy (2022) (Szeged)
Format: Book part
Published: 2022
Series:Proceedings of the European Union’s Contention in the Reshaping Global Economy
Kulcsszavak:Versenyjog, Ingatlanpiac
Subjects:
doi:10.14232/eucrge.2022.19

Online Access:http://acta.bibl.u-szeged.hu/75083
Description
Summary:In our study, we examine the operation of Airbnb among the sharing-based companies. We review the operation of Airbnb, the European and American regulatory systems, and examine the economic results of each regulation (e.g. a limit on the number of short-term housing days). Our initial hypothesis is that a regulatory framework can be developed in Budapest, in which the operation of the company is possible without the lives of the residents becoming impossible. In our study, we try to map the economic implications of short-term housing renting with a simple microeconomic calculation and a spatial simulation. Based on the results of our research, the 120-day restriction on annual short-term rent could eliminate investment-type short-term renting and contribute to the reduction of “party districts” in Budapest. An agreement with Airbnb could increase state tax revenues and create a more level playing field between hotels and short-term housing platforms. Our regulatory framework would largely eliminate the negative externalities associated with Airbnb, but at the same time, the positive returns would be greatly reduced.
Physical Description:304-327
ISBN:978-963-306-852-6