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Download fileValuation of aircraft noise by time of day: a comparison of two approaches
journal contribution
posted on 2007-05-21, 08:42 authored by Abigail Bristow, Mark WardmanThis paper reports an innovative application of stated preference techniques to derive
values of aircraft noise by time of day and day of week. Revealed preference
techniques cannot provide such segmentations which would clearly be of use in
policy development especially relating to airport operations. Given the lack of
research on this issue the work reported here is highly experimental. Two stated
preference experiments were designed. The first focussed on a single time period
whilst the second asked respondents to trade between time periods. Both
approaches yielded results that are plausible and mutually consistent in terms of
relative values by time period. We conclude that stated preference techniques are
particularly useful in this context where the use of aggregated values may lead to
non-optimal policy decisions.
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