Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/86628
Authors: 
van Praag, Bernard M.S.
Baarsma, B.E.
Year of Publication: 
2004
Series/Report no.: 
Tinbergen Institute Discussion Paper 04-024/3
Abstract: 
We assess the monetary value of the noise damage, caused by aircraft noise nuisance around Amsterdam Airport, as the sum of hedonic house price differentials and a residual cost component. The residual costs are assessed from a survey, including an ordinal life satisfaction scale, on which individual respondents have scored. The derived compensation scheme depends on, among other things, the objective noise level, income, the degree to which prices account for noise differences, and the presence of noise insulation.
Subjects: 
cost-benefit analysis
externalities
airport noise
satisfaction analysis
residual shadow costs
JEL: 
D62
D61
H23
L93
C25
Document Type: 
Working Paper

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