# Professor Arun Sundararajan explains why Airbnb requires a new model for regulation

1 Faculty News August 1, 2015 ![PBS NewsHour logo](/sites/default/files/styles/246w/public/assets/images/con_030937.jpg?itok=l4_epy89)>

Excerpt from [PBS NewsHour](http://www.pbs.org/newshour/bb/will-new-york-city-shut-airbnb-2/) -- "The fundamental innovation is in tapping into underutilized capacity: repurposing what used to be residential real estate and sort of converting it into a new form of mixed-use real estate where for some of the time it is short-term accommodation, and for the rest of the time it’s residential."

[Read more](http://www.pbs.org/newshour/bb/will-new-york-city-shut-airbnb-2/)