1{2 "record_id": "fb8eee688ea40496609ebe82ad7180db4acffe2c",3 "eligible": true,4 "exclusion_reason": null,5 "study": {6 "title": "The impact of short-term rental activity on house prices: evidence from coastal Virginia",7 "year": 2024,8 "doi": "10.1007/s00168-024-01328-4",9 "country": "United States",10 "region_city": "Hampton Roads, Virginia",11 "sample_start": 2015,12 "sample_end": 2019,13 "property_type": "mixed",14 "price_type": "transaction",15 "data_source": "MLS house sales (Hampton Roads) merged with AirDNA Airbnb listings, Jan 2015-Dec 2019",16 "document_type": "journal",17 "estimators": [18 "OLS",19 "quantile"20 ],21 "spatial_method": "none (zip-code and school-district fixed effects)",22 "time_fe": true,23 "location_fe": true,24 "se_type": "robust",25 "n_obs_total": 102142,26 "ai_methods": [],27 "notes": "Hedonic model with log real sale price; structural controls (Table 1: bedrooms, bathrooms, living area, age, condo dummy, etc.) are included but their coefficients are OMITTED from all printed tables ('available upon request'). Only the Airbnb-density variables (neighbourhood short-term-rental activity within 300 m / 300-500 m / 500-1000 m rings, counts or hundreds of reservations) are printed -> taxonomy 'other'. SEs are bootstrap (500 replicates); Table 7 gives zip-code x month clustered SEs (identical coefficients, not re-extracted). Appendix Tables 7-13 (alternative FE, census-block dummies, entire-place vs private-room splits) are robustness variants of Tables 3-6 and were not extracted. Stars: * p<0.1, ** p<0.05, *** p<0.01. Quantile models (Table 6) are unconditional quantile regressions (RIF, Firpo et al. 2009)."28 },29 "models": [30 {31 "model_id": "T3-c1",32 "table": "3",33 "column": "1",34 "page": 14,35 "dep_var": "ln(inflation-adjusted house sale price)",36 "dep_transform": "log",37 "estimator": "OLS",38 "n_obs": 102142,39 "r2": 0.789,40 "se_or_t_in_parentheses": "se",41 "sample_subset": "Model 1 (Eq. 1), Airbnb measure (1) Active; adj. R2"42 },43 {44 "model_id": "T3-c2",45 "table": "3",46 "column": "2",47 "page": 14,48 "dep_var": "ln(inflation-adjusted house sale price)",49 "dep_transform": "log",50 "estimator": "OLS",51 "n_obs": 102142,52 "r2": 0.789,53 "se_or_t_in_parentheses": "se",54 "sample_subset": "Model 1 (Eq. 1), Airbnb measure (2) Positive Occupancy; adj. R2"55 },56 {57 "model_id": "T3-c3",58 "table": "3",59 "column": "3",60 "page": 14,61 "dep_var": "ln(inflation-adjusted house sale price)",62 "dep_transform": "log",63 "estimator": "OLS",64 "n_obs": 102142,65 "r2": 0.789,66 "se_or_t_in_parentheses": "se",67 "sample_subset": "Model 1 (Eq. 1), Airbnb measure (3) Sum of reservations; adj. R2"68 },69 {70 "model_id": "T4-c1",71 "table": "4",72 "column": "1",73 "page": 16,74 "dep_var": "ln(inflation-adjusted house sale price)",75 "dep_transform": "log",76 "estimator": "OLS",77 "n_obs": 102142,78 "r2": 0.789,79 "se_or_t_in_parentheses": "se",80 "sample_subset": "Model 2 time effect (Eq. 2), Airbnb measure (1) Active; adj. R2"81 },82 {83 "model_id": "T4-c2",84 "table": "4",85 "column": "2",86 "page": 16,87 "dep_var": "ln(inflation-adjusted house sale price)",88 "dep_transform": "log",89 "estimator": "OLS",90 "n_obs": 102142,91 "r2": 0.789,92 "se_or_t_in_parentheses": "se",93 "sample_subset": "Model 2 time effect (Eq. 2), Airbnb measure (2) Positive Occupancy; adj. R2"94 },95 {96 "model_id": "T4-c3",97 "table": "4",98 "column": "3",99 "page": 16,100 "dep_var": "ln(inflation-adjusted house sale price)",101 "dep_transform": "log",102 "estimator": "OLS",103 "n_obs": 102142,104 "r2": 0.789,105 "se_or_t_in_parentheses": "se",106 "sample_subset": "Model 2 time effect (Eq. 2), Airbnb measure (3) Sum of reservations; adj. R2"107 },108 {109 "model_id": "T5-c1",110 "table": "5",111 "column": "1",112 "page": 17,113 "dep_var": "ln(inflation-adjusted house sale price)",114 "dep_transform": "log",115 "estimator": "OLS",116 "n_obs": 102142,117 "r2": 0.789,118 "se_or_t_in_parentheses": "se",119 "sample_subset": "Model 3 distance effect (Eq. 3), Airbnb measure (1) Active; adj. R2"120 },121 {122 "model_id": "T5-c2",123 "table": "5",124 "column": "2",125 "page": 17,126 "dep_var": "ln(inflation-adjusted house sale price)",127 "dep_transform": "log",128 "estimator": "OLS",129 "n_obs": 102142,130 "r2": 0.789,131 "se_or_t_in_parentheses": "se",132 "sample_subset": "Model 3 distance effect (Eq. 3), Airbnb measure (2) Positive Occupancy; adj. R2"133 },134 {135 "model_id": "T5-c3",136 "table": "5",137 "column": "3",138 "page": 17,139 "dep_var": "ln(inflation-adjusted house sale price)",140 "dep_transform": "log",141 "estimator": "OLS",142 "n_obs": 102142,143 "r2": 0.789,144 "se_or_t_in_parentheses": "se",145 "sample_subset": "Model 3 distance effect (Eq. 3), Airbnb measure (3) Sum of reservations; adj. R2"146 },147 {148 "model_id": "T6-m1-q10",149 "table": "6",150 "column": "row Measure (1), quantile 0.1",151 "page": 18,152 "dep_var": "ln(inflation-adjusted house sale price)",153 "dep_transform": "log",154 "estimator": "quantile",155 "n_obs": 102142,156 "r2": null,157 "se_or_t_in_parentheses": "se",158 "sample_subset": "Unconditional quantile regression (RIF) at tau=0.1, Airbnb measure (1) Active"159 },160 {161 "model_id": "T6-m1-q20",162 "table": "6",163 "column": "row Measure (1), quantile 0.2",164 "page": 18,165 "dep_var": "ln(inflation-adjusted house sale price)",166 "dep_transform": "log",167 "estimator": "quantile",168 "n_obs": 102142,169 "r2": null,170 "se_or_t_in_parentheses": "se",171 "sample_subset": "Unconditional quantile regression (RIF) at tau=0.2, Airbnb measure (1) Active"172 },173 {174 "model_id": "T6-m1-q30",175 "table": "6",176 "column": "row Measure (1), quantile 0.3",177 "page": 18,178 "dep_var": "ln(inflation-adjusted house sale price)",179 "dep_transform": "log",180 "estimator": "quantile",181 "n_obs": 102142,182 "r2": null,183 "se_or_t_in_parentheses": "se",184 "sample_subset": "Unconditional quantile regression (RIF) at tau=0.3, Airbnb measure (1) Active"185 },186 {187 "model_id": "T6-m1-q40",188 "table": "6",189 "column": "row Measure (1), quantile 0.4",190 "page": 18,191 "dep_var": "ln(inflation-adjusted house sale price)",192 "dep_transform": "log",193 "estimator": "quantile",194 "n_obs": 102142,195 "r2": null,196 "se_or_t_in_parentheses": "se",197 "sample_subset": "Unconditional quantile regression (RIF) at tau=0.4, Airbnb measure (1) Active"198 },199 {200 "model_id": "T6-m1-q50",201 "table": "6",202 "column": "row Measure (1), quantile 0.5",203 "page": 18,204 "dep_var": "ln(inflation-adjusted house sale price)",205 "dep_transform": "log",206 "estimator": "quantile",207 "n_obs": 102142,208 "r2": null,209 "se_or_t_in_parentheses": "se",210 "sample_subset": "Unconditional quantile regression (RIF) at tau=0.5, Airbnb measure (1) Active"211 },212 {213 "model_id": "T6-m1-q60",214 "table": "6",215 "column": "row Measure (1), quantile 0.6",216 "page": 18,217 "dep_var": "ln(inflation-adjusted house sale price)",218 "dep_transform": "log",219 "estimator": "quantile",220 "n_obs": 102142,221 "r2": null,222 "se_or_t_in_parentheses": "se",223 "sample_subset": "Unconditional quantile regression (RIF) at tau=0.6, Airbnb measure (1) Active"224 },225 {226 "model_id": "T6-m1-q70",227 "table": "6",228 "column": "row Measure (1), quantile 0.7",229 "page": 18,230 "dep_var": "ln(inflation-adjusted house sale price)",231 "dep_transform": "log",232 "estimator": "quantile",233 "n_obs": 102142,234 "r2": null,235 "se_or_t_in_parentheses": "se",236 "sample_subset": "Unconditional quantile regression (RIF) at tau=0.7, Airbnb measure (1) Active"237 },238 {239 "model_id": "T6-m1-q80",240 "table": "6",241 "column": "row Measure (1), quantile 0.8",242 "page": 18,243 "dep_var": "ln(inflation-adjusted house sale price)",244 "dep_transform": "log",245 "estimator": "quantile",246 "n_obs": 102142,247 "r2": null,248 "se_or_t_in_parentheses": "se",249 "sample_subset": "Unconditional quantile regression (RIF) at tau=0.8, Airbnb measure (1) Active"250 },251 {252 "model_id": "T6-m1-q90",253 "table": "6",254 "column": "row Measure (1), quantile 0.9",255 "page": 18,256 "dep_var": "ln(inflation-adjusted house sale price)",257 "dep_transform": "log",258 "estimator": "quantile",259 "n_obs": 102142,260 "r2": null,261 "se_or_t_in_parentheses": "se",262 "sample_subset": "Unconditional quantile regression (RIF) at tau=0.9, Airbnb measure (1) Active"263 },264 {265 "model_id": "T6-m2-q10",266 "table": "6",267 "column": "row Measure (2), quantile 0.1",268 "page": 18,269 "dep_var": "ln(inflation-adjusted house sale price)",270 "dep_transform": "log",271 "estimator": "quantile",272 "n_obs": 102142,273 "r2": null,274 "se_or_t_in_parentheses": "se",275 "sample_subset": "Unconditional quantile regression (RIF) at tau=0.1, Airbnb measure (2) Positive Occupancy"276 },277 {278 "model_id": "T6-m2-q20",279 "table": "6",280 "column": "row Measure (2), quantile 0.2",281 "page": 18,282 "dep_var": "ln(inflation-adjusted house sale price)",283 "dep_transform": "log",284 "estimator": "quantile",285 "n_obs": 102142,286 "r2": null,287 "se_or_t_in_parentheses": "se",288 "sample_subset": "Unconditional quantile regression (RIF) at tau=0.2, Airbnb measure (2) Positive Occupancy"289 },290 {291 "model_id": "T6-m2-q30",292 "table": "6",293 "column": "row Measure (2), quantile 0.3",294 "page": 18,295 "dep_var": "ln(inflation-adjusted house sale price)",296 "dep_transform": "log",297 "estimator": "quantile",298 "n_obs": 102142,299 "r2": null,300 "se_or_t_in_parentheses": "se",301 "sample_subset": "Unconditional quantile regression (RIF) at tau=0.3, Airbnb measure (2) Positive Occupancy"302 },303 {304 "model_id": "T6-m2-q40",305 "table": "6",306 "column": "row Measure (2), quantile 0.4",307 "page": 18,308 "dep_var": "ln(inflation-adjusted 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quantile 0.9",372 "page": 18,373 "dep_var": "ln(inflation-adjusted house sale price)",374 "dep_transform": "log",375 "estimator": "quantile",376 "n_obs": 102142,377 "r2": null,378 "se_or_t_in_parentheses": "se",379 "sample_subset": "Unconditional quantile regression (RIF) at tau=0.9, Airbnb measure (2) Positive Occupancy"380 },381 {382 "model_id": "T6-m3-q10",383 "table": "6",384 "column": "row Measure (3), quantile 0.1",385 "page": 18,386 "dep_var": "ln(inflation-adjusted house sale price)",387 "dep_transform": "log",388 "estimator": "quantile",389 "n_obs": 102142,390 "r2": null,391 "se_or_t_in_parentheses": "se",392 "sample_subset": "Unconditional quantile regression (RIF) at tau=0.1, Airbnb measure (3) Sum of reservations"393 },394 {395 "model_id": "T6-m3-q20",396 "table": "6",397 "column": "row Measure (3), quantile 0.2",398 "page": 18,399 "dep_var": "ln(inflation-adjusted house sale price)",400 "dep_transform": "log",401 "estimator": "quantile",402 "n_obs": 102142,403 "r2": null,404 "se_or_t_in_parentheses": "se",405 "sample_subset": "Unconditional quantile regression (RIF) at tau=0.2, Airbnb measure (3) Sum of reservations"406 },407 {408 "model_id": "T6-m3-q30",409 "table": "6",410 "column": "row Measure (3), quantile 0.3",411 "page": 18,412 "dep_var": "ln(inflation-adjusted house sale price)",413 "dep_transform": "log",414 "estimator": "quantile",415 "n_obs": 102142,416 "r2": null,417 "se_or_t_in_parentheses": "se",418 "sample_subset": "Unconditional quantile regression (RIF) at tau=0.3, Airbnb measure (3) Sum of reservations"419 },420 {421 "model_id": "T6-m3-q40",422 "table": "6",423 "column": "row Measure (3), quantile 0.4",424 "page": 18,425 "dep_var": "ln(inflation-adjusted house sale price)",426 "dep_transform": "log",427 "estimator": "quantile",428 "n_obs": 102142,429 "r2": null,430 "se_or_t_in_parentheses": "se",431 "sample_subset": "Unconditional quantile regression (RIF) at tau=0.4, Airbnb measure (3) Sum of reservations"432 },433 {434 "model_id": "T6-m3-q50",435 "table": "6",436 "column": "row Measure (3), quantile 0.5",437 "page": 18,438 "dep_var": "ln(inflation-adjusted house sale price)",439 "dep_transform": "log",440 "estimator": "quantile",441 "n_obs": 102142,442 "r2": null,443 "se_or_t_in_parentheses": "se",444 "sample_subset": "Unconditional quantile regression (RIF) at tau=0.5, Airbnb measure (3) Sum of reservations"445 },446 {447 "model_id": "T6-m3-q60",448 "table": "6",449 "column": "row Measure (3), quantile 0.6",450 "page": 18,451 "dep_var": "ln(inflation-adjusted house sale price)",452 "dep_transform": "log",453 "estimator": "quantile",454 "n_obs": 102142,455 "r2": null,456 "se_or_t_in_parentheses": "se",457 "sample_subset": "Unconditional quantile regression (RIF) at tau=0.6, Airbnb measure (3) Sum of reservations"458 },459 {460 "model_id": "T6-m3-q70",461 "table": "6",462 "column": "row Measure (3), quantile 0.7",463 "page": 18,464 "dep_var": "ln(inflation-adjusted house sale price)",465 "dep_transform": "log",466 "estimator": "quantile",467 "n_obs": 102142,468 "r2": null,469 "se_or_t_in_parentheses": "se",470 "sample_subset": "Unconditional quantile regression (RIF) at tau=0.7, Airbnb measure (3) Sum of reservations"471 },472 {473 "model_id": "T6-m3-q80",474 "table": "6",475 "column": "row Measure (3), quantile 0.8",476 "page": 18,477 "dep_var": "ln(inflation-adjusted house sale price)",478 "dep_transform": "log",479 "estimator": "quantile",480 "n_obs": 102142,481 "r2": null,482 "se_or_t_in_parentheses": "se",483 "sample_subset": "Unconditional quantile regression (RIF) at tau=0.8, Airbnb measure (3) Sum of reservations"484 },485 {486 "model_id": "T6-m3-q90",487 "table": "6",488 "column": "row Measure (3), quantile 0.9",489 "page": 18,490 "dep_var": "ln(inflation-adjusted house sale price)",491 "dep_transform": "log",492 "estimator": "quantile",493 "n_obs": 102142,494 "r2": null,495 "se_or_t_in_parentheses": "se",496 "sample_subset": "Unconditional quantile regression (RIF) at tau=0.9, Airbnb measure (3) Sum of reservations"497 }498 ],499 "coefficients": [500 {501 "model_id": "T3-c1",502 "var_name_printed": "Airbnb_Phase1_Ring1",503 "taxonomy_id": "other",504 "x_transform": "level",505 "x_unit": "count",506 "beta": 0.0034,507 "se": 0.0002,508 "t": null,509 "p": null,510 "p_stars": "***",511 "ci_lo": null,512 "ci_hi": null,513 "page": 14,514 "confidence": "high",515 "notes": "Short-term rental density: count of active Airbnb listings within 0-300 m in the sale month and 3 prior months; bootstrap SE"516 },517 {518 "model_id": "T3-c2",519 "var_name_printed": "Airbnb_Phase1_Ring1",520 "taxonomy_id": "other",521 "x_transform": "level",522 "x_unit": "count",523 "beta": 0.0035,524 "se": 0.0002,525 "t": null,526 "p": null,527 "p_stars": "***",528 "ci_lo": null,529 "ci_hi": null,530 "page": 14,531 "confidence": "high",532 "notes": "Short-term rental density: count of Airbnb listings with at least one reservation within 0-300 m in the sale month and 3 prior months; bootstrap SE"533 },534 {535 "model_id": "T3-c3",536 "var_name_printed": "Airbnb_Phase1_Ring1",537 "taxonomy_id": "other",538 "x_transform": "level",539 "x_unit": "hundreds of reservations",540 "beta": 0.0169,541 "se": 0.0018,542 "t": null,543 "p": null,544 "p_stars": "***",545 "ci_lo": null,546 "ci_hi": null,547 "page": 14,548 "confidence": "high",549 "notes": "Short-term rental density: number of Airbnb reservations in hundreds within 0-300 m in the sale month and 3 prior months; bootstrap SE"550 },551 {552 "model_id": "T4-c1",553 "var_name_printed": "Airbnb_Phase1_Ring1",554 "taxonomy_id": "other",555 "x_transform": "level",556 "x_unit": "count",557 "beta": 0.0033,558 "se": 0.0006,559 "t": null,560 "p": null,561 "p_stars": "***",562 "ci_lo": null,563 "ci_hi": null,564 "page": 16,565 "confidence": "high",566 "notes": "Short-term rental density: count of active Airbnb listings within 0-300 m, months S to S-3; bootstrap SE"567 },568 {569 "model_id": "T4-c1",570 "var_name_printed": "Airbnb_Phase2_Ring1",571 "taxonomy_id": "other",572 "x_transform": "level",573 "x_unit": "count",574 "beta": -0.0006,575 "se": 0.0008,576 "t": null,577 "p": null,578 "p_stars": "",579 "ci_lo": null,580 "ci_hi": null,581 "page": 16,582 "confidence": "high",583 "notes": "Short-term rental density: count of active Airbnb listings within 0-300 m, months S-4 to S-7; bootstrap SE"584 },585 {586 "model_id": "T4-c1",587 "var_name_printed": "Airbnb_Phase3_Ring1",588 "taxonomy_id": "other",589 "x_transform": "level",590 "x_unit": "count",591 "beta": 0.0008,592 "se": 0.0007,593 "t": null,594 "p": null,595 "p_stars": "",596 "ci_lo": null,597 "ci_hi": null,598 "page": 16,599 "confidence": "high",600 "notes": "Short-term rental density: count of active Airbnb listings within 0-300 m, months S-8 to S-11; bootstrap SE"601 },602 {603 "model_id": "T4-c2",604 "var_name_printed": "Airbnb_Phase1_Ring1",605 "taxonomy_id": "other",606 "x_transform": "level",607 "x_unit": "count",608 "beta": 0.0019,609 "se": 0.0005,610 "t": null,611 "p": null,612 "p_stars": "***",613 "ci_lo": null,614 "ci_hi": null,615 "page": 16,616 "confidence": "high",617 "notes": "Short-term rental density: count of Airbnb listings with at least one reservation within 0-300 m, months S to S-3; bootstrap SE"618 },619 {620 "model_id": "T4-c2",621 "var_name_printed": "Airbnb_Phase2_Ring1",622 "taxonomy_id": "other",623 "x_transform": "level",624 "x_unit": "count",625 "beta": 0.0011,626 "se": 0.0006,627 "t": null,628 "p": null,629 "p_stars": "*",630 "ci_lo": null,631 "ci_hi": null,632 "page": 16,633 "confidence": "high",634 "notes": "Short-term rental density: count of Airbnb listings with at least one reservation within 0-300 m, months S-4 to S-7; bootstrap SE"635 },636 {637 "model_id": "T4-c2",638 "var_name_printed": "Airbnb_Phase3_Ring1",639 "taxonomy_id": "other",640 "x_transform": "level",641 "x_unit": "count",642 "beta": 0.0012,643 "se": 0.0005,644 "t": null,645 "p": null,646 "p_stars": 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16,684 "confidence": "high",685 "notes": "Short-term rental density: number of Airbnb reservations in hundreds within 0-300 m, months S-4 to S-7; bootstrap SE"686 },687 {688 "model_id": "T4-c3",689 "var_name_printed": "Airbnb_Phase3_Ring1",690 "taxonomy_id": "other",691 "x_transform": "level",692 "x_unit": "hundreds of reservations",693 "beta": 0.0055,694 "se": 0.0038,695 "t": null,696 "p": null,697 "p_stars": "",698 "ci_lo": null,699 "ci_hi": null,700 "page": 16,701 "confidence": "high",702 "notes": "Short-term rental density: number of Airbnb reservations in hundreds within 0-300 m, months S-8 to S-11; bootstrap SE"703 },704 {705 "model_id": "T5-c1",706 "var_name_printed": "Airbnb_Phase1_Ring1",707 "taxonomy_id": "other",708 "x_transform": "level",709 "x_unit": "count",710 "beta": 0.0036,711 "se": 0.0002,712 "t": null,713 "p": null,714 "p_stars": "***",715 "ci_lo": null,716 "ci_hi": null,717 "page": 17,718 "confidence": "high",719 "notes": "Short-term rental density: count of active 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