Artikel

Spatial Estimation of the Impact of Airport Noise on Residential Housing Prices

The paper applies spatial econometric techniques to measure the impact of airport noise on the price of single-family homes in the Zurich Airport area. We exploit a large database of geo-referenced noise measurements to investigate the reaction of prices to different noise metrics. The particular institutional setting of Zurich Airport, with changing patterns of runways configurations allows to distinguish the impact of noise at different times of the day. The use of neighborhood fixedeffects is compared to the results given by a costlier modelling strategy involving a rich set of location descriptors. The paper documents the impact of airport noise on housing prices. In the base model specification the Noise Discount Index is 0.97% with typical discounts in the range of -2% to -8%. Accounting for the spatiality of the data has little effect on the results.

Language
Englisch

Bibliographic citation
Journal: Swiss Journal of Economics and Statistics ; ISSN: 2235-6282 ; Volume: 144 ; Year: 2008 ; Issue: 4 ; Pages: 577-606 ; Heidelberg: Springer

Classification
Wirtschaft
Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
Valuation of Environmental Effects
Housing Supply and Markets
Air Transportation
Single Equation Models; Single Variables: Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions
Subject
noise
airports
housing prices
hedonic pricing
spatial econometrics

Event
Geistige Schöpfung
(who)
Salvi, Marco
Event
Veröffentlichung
(who)
Springer
(where)
Heidelberg
(when)
2008

DOI
doi:10.1007/BF03399267
Handle
Last update
10.03.2025, 11:44 AM CET

Data provider

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Object type

  • Artikel

Associated

  • Salvi, Marco
  • Springer

Time of origin

  • 2008

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