spb/wp5_uqo Public
UQO Working Paper No. 5 — Airbnb, residential rents and housing market pressure.
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1\begin{tabular}{lccc}2\toprule3 & \textbf{OLS} & \textbf{SAR (GM\_Lag)} & \textbf{SEM (GM\_Error)} \\4Dep.\ var: & \multicolumn{3}{c}{\textit{log\_rent}} \\5\midrule6const & 7.1114*** & 6.0767*** & 7.0905*** \\7 & (0.0211) & (0.1514) & (0.0328) \\[4pt]8airbnb\_count\_500m & 0.0038*** & 0.0034*** & 0.0038*** \\9 & (0.0002) & (0.0002) & (0.0004) \\[4pt]10bedrooms & 0.1194*** & 0.1220*** & 0.1546*** \\11 & (0.0045) & (0.0032) & (0.0030) \\[4pt]12bathrooms & 0.2432*** & 0.2285*** & 0.1795*** \\13 & (0.0123) & (0.0063) & (0.0057) \\[4pt]14bt\_House & 0.1342*** & 0.1188*** & 0.1299*** \\15 & (0.0131) & (0.0101) & (0.0097) \\[4pt]16bt\_Row / Townhouse & 0.1782*** & 0.1604*** & 0.1447*** \\17 & (0.0359) & (0.0313) & (0.0296) \\[4pt]18W\_log\_rent & & 0.1367*** & \\19 & & (0.0199) & \\[4pt]20$\lambda$ (spatial error) & & & 0.5393 \\21\midrule22Observations & 7925 & 7925 & 7925 \\23R$^2$ / pseudo-R$^2$ & 0.5081 & 0.5503 & 0.4972 \\24\bottomrule25\end{tabular}26\parbox{\textwidth}{\footnotesize Standard errors in parentheses. SAR estimated via GM\_Lag; SEM via GM\_Error. $^{***}p<0.01$; $^{**}p<0.05$; $^{*}p<0.10$. City FE included but not shown.}27