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Two Essays On The Airbnb Market, Debanjana Dey
Two Essays On The Airbnb Market, Debanjana Dey
Electronic Theses and Dissertations, 2020-
This dissertation analyses the Airbnb market in Orange County, FL to provide insight on the performances of short-term vacation rentals listed on the platform. In the first essay we examine the factors affecting the demand and supply of this real estate sector before and after the Covid-19 pandemic, using occupancy, pricing and revenue models. The results identify the aspects of the Airbnb peer-to-peer sharing model that do and those that do not recover quickly after local covid restrictions are lifted. In particular, host experience, professional management, and proximity to major tourist attractions are some of the key factors that generate …
Two Essays On The Evolution And Role Of Short Selling Activity In Financial Markets, Wanxi Zhao
Two Essays On The Evolution And Role Of Short Selling Activity In Financial Markets, Wanxi Zhao
Electronic Theses and Dissertations, 2020-
My dissertation studies the evolution and role of short selling activity in financial markets. My first essay examines the cross-sectional and time-series variations in the characteristics of equity lending market in the setting of IPO, where, as suggested by Duffie et al. (2002), search frictions are likely to be high. I find that the initial supply of lendable shares and short interest levels increase with offer size, while initial lending fees decrease with offer size. The initial lending fees are also positively related to the bargaining power of lenders and negatively related to the bargaining power of borrowers. The supply …