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The economics of airport noise: how to manage markets for noise licenses


  • BRECHET, Thierry

    (Université catholique de Louvain, CORE & Louvain School of Management, Chair Lhoist Berghmans in Environmental Economics and Management, B-1348 Louvain-la-Neuve, Belgium.)

  • PICARD, Pierre M.

    (University of Luxembourg, CREA, Luxembourg; Université catholique de Louvain, CORE, B-1348 Louvain-la-Neuve, Belgium)


Noise-induced pollution constitutes a hot and topical societal problem for all major airports. This paper discusses various issues in the implementation of a market for noise licenses as a solution to solve the noise externality between the residents located around airports and the aircrafts moving in and to airports.

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  • BRECHET, Thierry & PICARD, Pierre M., 2010. "The economics of airport noise: how to manage markets for noise licenses," LIDAM Discussion Papers CORE 2010086, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  • Handle: RePEc:cor:louvco:2010086

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    References listed on IDEAS

    1. Thierry Bréchet & Pierre M. Picard, 2010. "The Price Of Silence: Markets For Noise Licenses And Airports," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 51(4), pages 1097-1125, November.
    2. Bernard M. S. van Praag & Barbara E. Baarsma, 2005. "Using Happiness Surveys to Value Intangibles: The Case of Airport Noise," Economic Journal, Royal Economic Society, vol. 115(500), pages 224-246, January.
    3. Jon P. Nelson, 2004. "Meta-Analysis of Airport Noise and Hedonic Property Values," Journal of Transport Economics and Policy, University of Bath, vol. 38(1), pages 1-27, January.
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    Cited by:

    1. Chao Zou & Ruijun Zhu & Ziyu Tao & Daiqiao Ouyang & Yekai Chen, 2020. "Evaluation of Building Construction-Induced Noise and Vibration Impact on Residents," Sustainability, MDPI, vol. 12(4), pages 1-17, February.

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    More about this item


    airport; environment; noise; licenses;
    All these keywords.

    JEL classification:

    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • R4 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics
    • D4 - Microeconomics - - Market Structure, Pricing, and Design
    • D6 - Microeconomics - - Welfare Economics
    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • L5 - Industrial Organization - - Regulation and Industrial Policy
    • L93 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Air Transportation

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