Arbeitspapier

The Shadow Price of Aircraft Noise Nuisance

This paper has a twofold objective. First, we develop a new method to assess the monetary valuefor individuals of external effects. The method makes use of an ordinal index of life satisfaction asscored by individual respondents who are subjected in varying intensity to the external effect. Oursecond objective is to assess, with this method, to what extent noise nuisance effects aroundAmsterdam Airport Schiphol are internalized and what should be the monetary compensation forthe nuisance. Such a compensation scheme depends on, among other things, the objective noiselevel, income and the presence of noise insulation.

Language
Englisch

Bibliographic citation
Series: Tinbergen Institute Discussion Paper ; No. 01-010/3

Classification
Wirtschaft
Externalities
Allocative Efficiency; Cost-Benefit Analysis
Taxation and Subsidies: Externalities; Redistributive Effects; Environmental Taxes and Subsidies
Air Transportation
Single Equation Models; Single Variables: Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities

Event
Geistige Schöpfung
(who)
van Praag, Bernard M.S.
Baarsma, B.E.
Event
Veröffentlichung
(who)
Tinbergen Institute
(where)
Amsterdam and Rotterdam
(when)
2001

Handle
Last update
10.03.2025, 11:46 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • van Praag, Bernard M.S.
  • Baarsma, B.E.
  • Tinbergen Institute

Time of origin

  • 2001

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