Résumé
This study examines the effect of road and railway noise on property prices. It uses the hedonic regression technique on a Swedish data set that contains information about both road and railway noise for each property, and finds that road noise has a larger negative impact on the property prices than railway noise. This is in line with the evidence from the acoustical literature which has shown that individuals are more disturbed by road than railway noise, but contradicts recent results from a hedonic study on data of the United Kingdom.
Mots-clés
Hedonic Pricing; Noise; Railway Traffic; Road Traffic;
Codes JEL
- C13: Estimation: General
- C21: Cross-Sectional Models • Spatial Models • Treatment Effect Models • Quantile Regressions
- Q51: Valuation of Environmental Effects
- Q53: Air Pollution • Water Pollution • Noise • Hazardous Waste • Solid Waste • Recycling
Référence
Henrik Andersson, Lina Jonsson et Mikael Ögren, « Property Prices and Exposure to Multiple Noise Sources: Hedonic Regression with Road and Railway Noise », Environmental and Resource Economics, Springer Netherlands, vol. 45, n° 1, janvier 2010, p. 73–89.
Voir aussi
Publié dans
Environmental and Resource Economics, Springer Netherlands, vol. 45, n° 1, janvier 2010, p. 73–89