Residential sorting and environmental externalities: the case of nonlinearities and stigma in aviation noise values
journal contributionposted on 04.02.2015 by Sotirios Thanos, Abigail Bristow, Mark Wardman
Any type of content formally published in an academic journal, usually following a peer-review process.
This paper explores the sorting process in response to differing levels of aviation noise exposure in a housing market. Spatiotemporal hedonic pricing (HP) and stated choice (SC) results reflect nonlinearities and stigma. The HP models reveal nonlinear noise depreciation increasing from 0.40 to 2.38 percent per decibel as noise increases, while the SC noise values are lower in an area with high long-term noise exposure. These nonlinearities are attributed to the spatial sorting of noise tolerant individuals. HP results from the same “noisy“ area show a “stigma“ from noise during the first year after the complete removal of aviation noise.
We would like to thank EUROCONTROL Experimental Centre for funding this research.
- Architecture, Building and Civil Engineering