Print Email Facebook Twitter Agent-Based Simulation of Short-Term Peer-to-Peer Rentals Title Agent-Based Simulation of Short-Term Peer-to-Peer Rentals: Evidence from the Amsterdam Housing Market Author Overwater, Arnold (Student TU Delft) Yorke-Smith, N. (TU Delft Algorithmics) Date 2021 Abstract Gentrification, displacement and social exclusion are hot topics of debate in the city of Amsterdam, the Netherlands. A current phenomena is short-term rentals of private homes. In its peer-to-peer form, this phenomena has grown sharply, facilitated by services such as Airbnb. Its growth has caused controversies among communities in touristic areas of Amsterdam, since it contributes to a changed social fabric, increased housing prices and overall gentrification. In the Netherlands and elsewhere, municipal and national policy makers are interested to regulate short-term rentals. In order to provide insights into qualitative policy effects, we develop a micro-level agent-based simulation. Our spatial model simulates residential migration based on income and house pricing. The underlying economic theory is that of Smith’s rent-gap hypothesis. Our model is among the first agent-based approaches investigating this type of rental market, and the first to model a specific housing market, including social housing, in a geographically accurate way. Simulation analysis shows that the touristic rental market has caused considerable changes in housing prices and population development. We find that more lower income citizens remain in the city centre when regulation of the market is stronger, and that banning the touristic market restrains the overall increase in house prices, compared to the business-as-usual scenario. However, the feasibility of enforcement of regulation, and its libertarian consequences, must be considered. Subject Agent-based modellingAirbnbhousingurban dynamics To reference this document use: http://resolver.tudelft.nl/uuid:8e045fe6-9aca-4ef0-af1e-f9b99434072e DOI https://doi.org/10.1177/23998083211000747 ISSN 2399-8083 Source Environment and Planning B: Urban Cities and City Science, 49 (1), 223-240 Part of collection Institutional Repository Document type journal article Rights © 2021 Arnold Overwater, N. Yorke-Smith Files PDF 23998083211000747.pdf 1015.81 KB Close viewer /islandora/object/uuid:8e045fe6-9aca-4ef0-af1e-f9b99434072e/datastream/OBJ/view