Arbeitspapier
The amenity cost of road noise
This article reports a complete two stage hedonic analysis for road noise. For the estimation of the hedonic price function I develop a spatial research design which simultaneously reduces the risk of omitted variable bias and the risk of measurement error in the noise measure. The preference parameters are identified following the approach developed in Bajari and Benkard (2005) by using a simple functional form for utility. Preferences are very heterogeneous and observable demographic characteristics explain 30 percent of the variation in taste for quiet. Results are used to discuss willingness to pay for noise reductions from two policy measures.
- Sprache
-
Englisch
- Erschienen in
-
Series: ZEW Discussion Papers ; No. 16-087
- Klassifikation
-
Wirtschaft
Valuation of Environmental Effects
Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
Urban, Rural, Regional, Real Estate, and Transportation Economics: Regional Migration; Regional Labor Markets; Population; Neighborhood Characteristics
Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise
Consumer Economics: Empirical Analysis
- Thema
-
hedonic method
traffic noise
preferences
measurement error
- Ereignis
-
Geistige Schöpfung
- (wer)
-
von Graevenitz, Kathrine
- Ereignis
-
Veröffentlichung
- (wer)
-
Zentrum für Europäische Wirtschaftsforschung (ZEW)
- (wo)
-
Mannheim
- (wann)
-
2016
- Handle
- URN
-
urn:nbn:de:bsz:180-madoc-417902
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- von Graevenitz, Kathrine
- Zentrum für Europäische Wirtschaftsforschung (ZEW)
Entstanden
- 2016
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