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Charging renters or not? One-side versus both-side brokerage model for online rental platforms
Electronic Commerce Research and Applications ( IF 5.9 ) Pub Date : 2020-09-21 , DOI: 10.1016/j.elerap.2020.101006
Peng Wang , Rong Du , Hongpeng Wang

In this paper, we analyze how an online rental platform should choose between the one-side brokerage model (charging hosts only) and the both-side brokerage model (charging both hosts and renters). We consider a setting where a monopolistic platform connects hosts on one side with renters on the other. Renters are heterogeneous in valuing trust: Type 1 renters undervalue trust and Type 2 renters fully value trust. We first reveal that the existence of Type 1 renters makes it possible for the one-side brokerage model to be the preferable choice for a platform. Our results also indicate that it is more profitable for the platform to adopt the both-side brokerage model rather than the one-side brokerage model when the number of Type 1 renters is small and/or the cost coefficient to enable renter-side trust is small. Finally, we examine how the chosen brokerage model affects social welfare and find that only the one-side brokerage model can generate a win–win outcome for both the platform and the social planner.



中文翻译:

是否向租房者收费?在线租赁平台的单边经纪模式与双方经纪模式

在本文中,我们分析了在线租赁平台应如何在单边经纪模式(仅向房东收费)和双边经纪模式(向房东和房客均收费)之间进行选择。我们考虑一种垄断平台,在这种环境中,一侧的主机与另一侧的租户相连。承租人在评估信任方面各不相同:1类租户低估信任,而2类租户则完全估价信任。我们首先发现,类型1租户的存在使单边经纪模式成为平台的首选。我们的结果还表明,当类型1的租户数量少和/或启用租户方信任的成本系数为1时,平台采用双向经纪模式而不是单方经纪模式更有利可图。小。最后,

更新日期:2020-09-21
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