Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/85838
Authors: 
van Praag, Bernard M.S.
Baarsma, B.E.
Year of Publication: 
2001
Series/Report no.: 
Tinbergen Institute Discussion Paper 01-010/3
Abstract: 
This paper has a twofold objective. First, we develop a new method to assess the monetary valuefor individuals of external effects. The method makes use of an ordinal index of life satisfaction asscored by individual respondents who are subjected in varying intensity to the external effect. Oursecond objective is to assess, with this method, to what extent noise nuisance effects aroundAmsterdam Airport Schiphol are internalized and what should be the monetary compensation forthe nuisance. Such a compensation scheme depends on, among other things, the objective noiselevel, income and the presence of noise insulation.
JEL: 
D62
D61
H23
L93
C25
Document Type: 
Working Paper

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