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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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Paper provided by Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) in its series CORE Discussion Papers with number 2010086.

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Date of creation: 01 Dec 2010
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Handle: RePEc:cor:louvco:2010086
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  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. Jon P. Nelson, 2004. "Meta-Analysis of Airport Noise and Hedonic Property Values," Journal of Transport Economics and Policy, London School of Economics and University of Bath, vol. 38(1), pages 1-27, January.
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