2134/2784
Elisabete Arsenio
Elisabete
Arsenio
Abigail Bristow
Abigail
Bristow
Mark Wardman
Mark
Wardman
Stated choice valuations of traffic related noise
Loughborough University
2007
Stated choice
Environmental externality
Value of traffic noise
Computer aided personal interview
Discrete choice models
Mixed logit
Heterogeneity of preferences
Built Environment and Design not elsewhere classified
2007-05-18 13:50:17
Journal contribution
https://repository.lboro.ac.uk/articles/journal_contribution/Stated_choice_valuations_of_traffic_related_noise/9443351
This paper reports a novel application of the stated choice method to the valuation of
road traffic noise. The innovative context used is that of choice between apartments
with different levels of traffic noise, view, sunlight and cost with which respondents
would be familiar. Stated choice models were developed on both perceived and
objective measures of traffic noise, with the former statistically superior, and an
extensive econometric analysis has been conducted to assess the nature and extent of
householders’ heterogeneity of preferences for noise. This found that random taste
variation is appreciable but also identified considerable systematic variation in
valuations according to income level, household composition and exposure to noise.
Self-selectivity is apparent, whereby those with higher marginal values of noise tend to
live in quieter apartments. Sign and reference effects were apparent in the relationship
between ratings and objective noise measures, presumably reflecting the non-linear
nature of the latter. However, there was no strong support for sign, size or reference
effects in the valuations of perceived noise levels.