Property Prices and Exposure to Multiple Noise Sources: Hedonic Regression with Road and Railway Noise
This study examines the effect of road and railway noise on property prices. It uses the hedonic regression technique on a Swedish data set that contains information about both road and railway noise for each property, and finds that road noise has a larger negative impact on the property prices than railway noise. This is in line with the evidence from the acoustical literature which has shown that individuals are more disturbed by road than railway noise, but contradicts recent results from a hedonic study on data of the United Kingdom.
(This abstract was borrowed from another version of this item.)
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- Brett Day & Ian Bateman & Iain Lake, 2007. "Beyond implicit prices: recovering theoretically consistent and transferable values for noise avoidance from a hedonic property price model," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 37(1), pages 211-232, May.
- Ivar Ekeland & James J. Heckman & Lars Nesheim, 2004.
"Identification and Estimation of Hedonic Models,"
Journal of Political Economy,
University of Chicago Press, vol. 112(S1), pages 60-109, February.
- Ivar Ekeland & James Heckman & Lars Nesheim, 2002. "Identification and estimation of hedonic models," CeMMAP working papers CWP07/02, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
- Ekeland, Ivar & Heckman, James J. & Nesheim, Lars, 2003. "Identification and Estimation of Hedonic Models," IZA Discussion Papers 853, Institute for the Study of Labor (IZA).
- Ivar Ekeland & James J. Heckman & Lars P. Nesheim, 2003. "Identification and Estimation of Hedonic Models," NBER Working Papers 9910, National Bureau of Economic Research, Inc.
- Ivar Ekeland & James J. Heckman & Lars Nesheim, 2003. "Identification and Estimation of Hedonic Models," CESifo Working Paper Series 1031, CESifo Group Munich.
- Andersson, Henrik & Ögren, Mikael, 2007. "Noise charges in railway infrastructure: A pricing schedule based on the marginal cost principle," Transport Policy, Elsevier, vol. 14(3), pages 204-213, May.
- Andersson, Henrik & Ögren, Mikael, 2006. "Noise Charges in Railway Infrastructure: A Pricing Schedule Based on the Marginal Cost Principle," Working Papers 2006:4, Swedish National Road & Transport Research Institute (VTI).
- Henrik Andersson, 2008. "Willingness to Pay for Car Safety: Evidence from Sweden," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 41(4), pages 579-594, December.
- Andersson, Henrik, 2006. "Willingness to Pay for Car Safety: Evidence from Sweden," Working Papers 2006:7, Swedish National Road & Transport Research Institute (VTI).
- Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
- Nijland, H. A. & Van Kempen, E. E. M. M. & Van Wee, G. P. & Jabben, J., 2003. "Costs and benefits of noise abatement measures," Transport Policy, Elsevier, vol. 10(2), pages 131-140, April.
- Freeman, A Myrick, III, 1974. "Air Pollution and Property Values: A Further Comment," The Review of Economics and Statistics, MIT Press, vol. 56(4), pages 554-556, November.
- Andersson, Henrik & Ögren, Mikael, 2007. "Noise Charges in Road Traffic: A Pricing Schedule Based on the Marginal Cost Principle," Working Papers 2007:15, Swedish National Road & Transport Research Institute (VTI), revised 17 Jun 2009.
- Won Kim, Chong & Phipps, Tim T. & Anselin, Luc, 2003. "Measuring the benefits of air quality improvement: a spatial hedonic approach," Journal of Environmental Economics and Management, Elsevier, vol. 45(1), pages 24-39, January.
- Kim, Chong Won & Phipps, Tim T. & Anselin, Luc, 1998. "Measuring The Benefits Of Air Quality Improvement: A Spatial Hedonic Approach," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20959, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Palmquist, Raymond B., 2006. "Property Value Models," Handbook of Environmental Economics,in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 2, chapter 16, pages 763-819 Elsevier.
- Kenneth A. Small & Seiji S.C. Steimetz, 2012. "Spatial Hedonics And The Willingness To Pay For Residential Amenities," Journal of Regional Science, Wiley Blackwell, vol. 52(4), pages 635-647, October.
- Kenneth A. Small & Seiji Steimetz, 2006. "Spatial Hedonics and the Willingness to Pay for Residential Amenities," Working Papers 050631, University of California-Irvine, Department of Economics, revised Feb 2007.
- repec:dau:papers:123456789/6486 is not listed on IDEAS
- Marcel A. J. Theebe, 2004. "Planes, Trains, and Automobiles: The Impact of Traffic Noise on House Prices," The Journal of Real Estate Finance and Economics, Springer, vol. 28(2_3), pages 209-234, 03.
- 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.
- Andrea Baranzini & JosÃ© V. Ramirez, 2005. "Paying for Quietness: The Impact of Noise on Geneva Rents," Urban Studies, Urban Studies Journal Limited, vol. 42(4), pages 633-646, April. Full references (including those not matched with items on IDEAS)
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