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

Artikel

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.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

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

Klassifikation und Themen

• Klassifikation: 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
• Thema: noise ; airports ; housing prices ; hedonic pricing ; spatial econometrics

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Salvi, Marco
• Ereignis: Veröffentlichung
• (wer): Springer
• (wo): Heidelberg
• (wann): 2008

Weitere Informationen

• DOI: doi:10.1007/BF03399267
• Handle: http://hdl.handle.net/10419/185901
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ