A new economic study by Boston University Professor Dr. Michael Salinger in conjunction with Charles River Associates, which was commissioned by Airbnb, found proposed new short-term rental regulations would harm New York City’s economy and unnecessarily target short-term rentals that do not contribute to the housing availability or affordability problems.
Upward pricing pressure in horizontal mergers with fuzzy capacity constraints
Unlike strict capacity limits, fuzzy constraints allow firms to accept a portion of customers beyond a baseline capacity, which generates rejected customers...