Costs and benefits of noise abatement measures
Environmental effects of traffic like noise are typically external and typically unpriced. This makes monetisation of these effects difficult. Much work has been spent the last few years on developing methods for monetising these (external) environmental effects. However, the application of these methods does fall short. This paper describes a cost-benefit analysis of a number of (possible) noise abatement measures in the Netherlands. Benefits are calculated according to consumer's preferences for dwellings, and values applied are derived from two different methodologies (hedonic pricing and contingent valuation). Costs are shown to be surpassed by benefits. Some weaknesses are also demonstrated in valuing noise, particularly where issues of equity, benefit transfer and embedding are concerned. Further research on these issues is recommended.
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Volume (Year): 10 (2003)
Issue (Month): 2 (April)
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References listed on IDEAS
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- Bristow, A. L. & Nellthorp, J., 2000. "Transport project appraisal in the European Union," Transport Policy, Elsevier, vol. 7(1), pages 51-60, January.
- Nakamura, H., 2000. "The economic evaluation of transport infrastructure: needs for international comparisons," Transport Policy, Elsevier, vol. 7(1), pages 3-6, January.
- Aude Lenders & Walter Hecq, 2002. "The cost and benefit functions in the STAIRRS project: Strategies and Tools to Assess and Implement noise Reducing measures for Railway Systems," ULB Institutional Repository 2013/138999, ULB -- Universite Libre de Bruxelles.
- Lee, D. B., 2000. "Methods for evaluation of transportation projects in the USA," Transport Policy, Elsevier, vol. 7(1), pages 41-50, January.
- Schipper, Youdi & Nijkamp, Peter & Rietveld, Piet, 1998. "Why do aircraft noise value estimates differ? A meta-analysis," Journal of Air Transport Management, Elsevier, vol. 4(2), pages 117-124.
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