Private Provision of Local Public Goods and Housing Market Responses: Evidence from London (with Stefano Cellini) [Link] Regional Science and Urban Economics, 2026
Media: LSE Business Review, Institute of Directors
The Economic Footprint of Short-Term Rentals on local businesses: Evidence from Portugal (with João Pereira dos Santos and Ronize Cruz) [Link]. Accepted at Journal of Economic Geography
Media: LSE Business Review, Nada es Gratis, Portuguese Economy Research Report, Sutherland Business Index, Population News, Portugal Business News, El Economicista, Público, Executive Digest, Idealista, The Portugal News, Link to Leaders
Short-term Rentals and Housing Market: Evidence from Portuguese Metropolitan Areas (with Diogo Jardim Gonçalves and Ronize Cruz) [Link]. Conditionally Accepted at Portuguese Economic Journal
Media: Population News, Portuguese Economy Research Report
Abstract: In this paper, we make use of the rapid expansion of short-term rentals in Portugal, based on a policy change in 2014, to estimate the effects on house prices. Using a novel dataset consisting of property transaction data, from 2010 to 2017, for the metropolitan areas of Lisbon and Porto, we causally identify the impact of these reforms through a two-way fixed effects model, at the quarterly level, where we control for property-specific characteristics and location and time fixed effects. The evidence suggests that a one-unit increment in the number of local lodging establishments results in a 0.17% increase in the value of transaction, which is ensured by a set of robustness exercises. Stronger effects are found for properties with four or more bedrooms, owned by citizens outside of the European Union, in the municipality of Porto and at the upper quantiles. We also document a decrease in the number of transactions of new buildings and a positive effect on the value of commercial properties.
Nightmare neighbours: Proximity to gambling shops and gambling harms (with Anastasios Kitsos, Emmanouil Tranos, Chiara Paola Donegani) [Link]. R&R at Journal of Economic Geography.
Abstract: We focus on the relationship between exposure to gambling shops and gambling-related harms. Gambling is now a public health concern, but its economic geography and associated harms are underexplored. We propose a framework that combines proximity and density, use data on gambling shops matched with surveys and measure the impact of gamblogenic environments on problem gambling using probit models and coarsened exact matching. Living closer to and in high densities of gambling shops, increases the likelihood of gambling and being a problematic gambler. The spatial distribution of gambling venues matters and calls for targeted interventions to mitigate harms.