Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/148590
Authors: 
von Graevenitz, Kathrine
Year of Publication: 
2016
Series/Report no.: 
ZEW Discussion Papers 16-087
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.
Subjects: 
hedonic method
traffic noise
preferences
measurement error
JEL: 
Q51
Q53
R23
R41
D12
Document Type: 
Working Paper

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