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The amenity cost of road noise

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  • von Graevenitz, Kathrine

Abstract

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.

Suggested Citation

  • von Graevenitz, Kathrine, 2016. "The amenity cost of road noise," ZEW Discussion Papers 16-087, ZEW - Leibniz Centre for European Economic Research.
    • Handle: RePEc:zbw:zewdip:16087
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    2. Ahlfeldt, Gabriel M. & Nitsch, Volker & Wendland, Nicolai, 2019. "Ease versus noise: long-run changes in the value of transport (dis)amenities," LSE Research Online Documents on Economics 102824, London School of Economics and Political Science, LSE Library.
    3. David O’Reilly & Marcus White & Nano Langenheim & Pantea Alambeigi, 2024. "The Governance of Traffic Noise Impacting Pedestrian Amenities in Melbourne Australia: A Critical Policy Review," IJERPH, MDPI, vol. 21(8), pages 1-25, August.
    4. Hausman, Catherine & Stolper, Samuel, 2021. "Inequality, information failures, and air pollution," Journal of Environmental Economics and Management, Elsevier, vol. 110(C).
    5. León, Carmelo J. & Hernández-Alemán, Anastasia & Fernández-Hernández, Carlos & Araña, Jorge E., 2023. "Are rural residents willing to trade-off higher noise for lower air pollution? Evidence from revealed preferences," Ecological Economics, Elsevier, vol. 207(C).
    6. David Rey-Blanco & Pelayo Arbués & Fernando A. López & Antonio Páez, 2024. "Using machine learning to identify spatial market segments. A reproducible study of major Spanish markets," Environment and Planning B, , vol. 51(1), pages 89-108, January.
    7. Ahlfeldt, Gabriel M. & Nitsch, Volker & Wendland, Nicolai, 2019. "Ease vs. noise: Long-run changes in the value of transport (dis)amenities," Journal of Environmental Economics and Management, Elsevier, vol. 98(C).
    8. Irwin, Nicholas B. & Livy, Mitchell R., 2021. "Measuring environmental (dis)amenity value during a pandemic: Early evidence from Maryland," Journal of Environmental Economics and Management, Elsevier, vol. 106(C).
    9. Mohammad Maghrour Zefreh & Adam Torok, 2021. "Theoretical Comparison of the Effects of Different Traffic Conditions on Urban Road Environmental External Costs," Sustainability, MDPI, vol. 13(6), pages 1-22, March.
    10. Takeru Sugasawa & Yuta Kuroda & Kai Nomura & Shohei Yasuda & Jun Yoshida, 2024. "The impact of flight noise on urban housing markets: Evidence from the new landing flight paths of Haneda Airport in Japan," DSSR Discussion Papers 144, Graduate School of Economics and Management, Tohoku University.
    11. Zambrano-Monserrate, Manuel A. & Ruano, María Alejandra, 2019. "Does environmental noise affect housing rental prices in developing countries? Evidence from Ecuador," Land Use Policy, Elsevier, vol. 87(C).
    12. H. Allen Klaiber & Ulrich B. Morawetz, 2021. "The Welfare Impacts of Large Urban Noise Reductions: Implications from Household Sorting in Vienna," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 78(1), pages 121-146, January.
    13. Panduro, Toke Emil & Jensen, Cathrine Ulla & Lundhede, Thomas Hedemark & von Graevenitz, Kathrine & Thorsen, Bo Jellesmark, 2018. "Eliciting preferences for urban parks," Regional Science and Urban Economics, Elsevier, vol. 73(C), pages 127-142.
    14. Liu, Lu & Meng, Lina & Zhang, Ruige, 2024. "Does Easy Accessibility to Urban Parks Always Raise Home Values?," Journal of Housing Economics, Elsevier, vol. 63(C).
    15. Diao, Mi & Li, Qiang & Sing, Tien Foo & Zhan, Changwei, 2023. "Disamenities of living close to transit tracks: Evidence from Singapore's MRT system," Regional Science and Urban Economics, Elsevier, vol. 100(C).
    16. Argys, Laura M. & Averett, Susan L. & Yang, Muzhe, 2020. "Residential noise exposure and health: Evidence from aviation noise and birth outcomes," Journal of Environmental Economics and Management, Elsevier, vol. 103(C).

    More about this item

    Keywords

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    JEL classification:

    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population
    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis

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