BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//Date iCal//NONSGML kigkonsult.se iCalcreator 2.20.2//
METHOD:PUBLISH
X-WR-CALNAME;VALUE=TEXT:TSE
BEGIN:VTIMEZONE
TZID:Europe/Paris
BEGIN:STANDARD
DTSTART:20241027T030000
TZOFFSETFROM:+0200
TZOFFSETTO:+0100
TZNAME:CET
END:STANDARD
BEGIN:DAYLIGHT
DTSTART:20250330T020000
TZOFFSETFROM:+0100
TZOFFSETTO:+0200
TZNAME:CEST
END:DAYLIGHT
END:VTIMEZONE
BEGIN:VEVENT
UID:calendar.135663.field_date.0@www.tse-fr.eu
DTSTAMP:20260518T131513Z
CREATED:20240923T081001Z
DESCRIPTION:Regina Seibel (Rotman School of Management - University of Toro
 nto)\, “The Cost of the Cold-Start Problem on Airbnb”\, Economics of Platf
 orms Seminar\, February 4\, 2025\, 14:00–15:00\, Zoom Meeting.\n\nIn digit
 al markets with peer-to-peer reviews\, new products encounter the so-calle
 d “coldstart” problem: Little-known products are bought too rarely and rem
 ain little known. While\nconsumers benefit from observing reviews written 
 by others\, they do not account for the benefit they generate from trying 
 a new product and revealing the product’s quality to everyone\nelse. In th
 is paper\, we examine the inefficiency linked to social learning on Airbnb
 \, including\nits implications for hosts’ price\, entry and exit decisions
 . We estimate a dynamic structural\nmodel of demand and supply for Airbnbs
  in Manhattan\, New York\, from 2016 to 2019. We\nthen introduce a counter
 factual tax-subsidy scheme aimed at changing the relative price of\nlistin
 gs with few compared to many reviews\, thereby shifting demand and address
 ing the\ncold-start problem. In our main counterfactual\, we find that the
  average price decreases by\naround 17% for listings with at most one revi
 ew\, but increases by almost 10% for listings\nwith more than 15 reviews\,
  which leads to 14% higher demand for the former. Furthermore\,\nthe numbe
 r of listings with at most one review declines by 18%\, although the total
  number\nof listings increases by 5%. Based on our conservative estimates\
 , widening the price gap\nbetween new and established listings leads to a 
 welfare increase amounting to roughly 8.5%\nof total host revenue on Airbn
 b in Manhattan.
DTSTART;TZID=Europe/Paris:20250204T140000
DTEND;TZID=Europe/Paris:20250204T150000
LAST-MODIFIED:20260113T095129Z
LOCATION:February 4\, 2025\, 14:00–15:00\, Zoom Meeting
SUMMARY:Economics of Platforms Seminar
URL;TYPE=URI:https://www.tse-fr.eu/seminars/2025-cost-cold-start-problem-ai
 rbnb
END:VEVENT
END:VCALENDAR