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A comparison of hedonic price and stated preference methods to derive monetary values for aircraft noise disturbance and annoyance

A comparison of hedonic price and stated preference methods to derive monetary values for aircraft noise disturbance and annoyance
A comparison of hedonic price and stated preference methods to derive monetary values for aircraft noise disturbance and annoyance
This paper compares the hedonic prices and stated preference methods for determining monetary values of aircraft noise disturbance and annoyance used in cost-benefit analyses of proposed development. The data suggests that neither method is entirely satisfactory on its own, but there are strong positive correlations between the two methods suggesting sufficient underlying similarities to justify the use of combined methods in the future. These findings are importanht because the two methods normally yield different results in absolute terms and economists have consequently and un-necessarily been constrained to choose between them.
noise pollution, air transportation, hedonic price indices, contingent valuation method
1361-9209
40-47
Blanco Matos, Joan Carles
583e94a0-5524-4484-88a3-bb24b5aa7463
Flindell, Ian
92801193-de59-4b33-af0a-e1a13a77a055
Le Masurier, Paul
b3f759de-b245-4cdf-8760-f427d9494f00
Pownall, Chris
33446977-df7a-4a55-8352-d84e99834afa
Blanco Matos, Joan Carles
583e94a0-5524-4484-88a3-bb24b5aa7463
Flindell, Ian
92801193-de59-4b33-af0a-e1a13a77a055
Le Masurier, Paul
b3f759de-b245-4cdf-8760-f427d9494f00
Pownall, Chris
33446977-df7a-4a55-8352-d84e99834afa

Blanco Matos, Joan Carles, Flindell, Ian, Le Masurier, Paul and Pownall, Chris (2013) A comparison of hedonic price and stated preference methods to derive monetary values for aircraft noise disturbance and annoyance. Transportation Research Part D: Transport and Environment, 20, 40-47. (doi:10.1016/j.trd.2013.01.006).

Record type: Article

Abstract

This paper compares the hedonic prices and stated preference methods for determining monetary values of aircraft noise disturbance and annoyance used in cost-benefit analyses of proposed development. The data suggests that neither method is entirely satisfactory on its own, but there are strong positive correlations between the two methods suggesting sufficient underlying similarities to justify the use of combined methods in the future. These findings are importanht because the two methods normally yield different results in absolute terms and economists have consequently and un-necessarily been constrained to choose between them.

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Published date: March 2013
Keywords: noise pollution, air transportation, hedonic price indices, contingent valuation method
Organisations: Inst. Sound & Vibration Research

Identifiers

Local EPrints ID: 352536
URI: https://eprints.soton.ac.uk/id/eprint/352536
ISSN: 1361-9209
PURE UUID: dceca821-1921-40ff-b250-7f2ccc2fac0f

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Date deposited: 15 May 2013 12:59
Last modified: 19 Jul 2019 21:36

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Contributors

Author: Joan Carles Blanco Matos
Author: Ian Flindell
Author: Paul Le Masurier
Author: Chris Pownall

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