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Title: Residential sorting and environmental externalities: the case of nonlinearities and stigma in aviation noise values
Authors: Thanos, Sotirios
Bristow, Abigail L.
Wardman, Mark
Issue Date: 2014
Publisher: © Wiley Periodicals, Inc.
Citation: THANOS, S., BRISTOW, A.L. and WARDMAN, M., 2014. Residential sorting and environmental externalities: the case of nonlinearities and stigma in aviation noise values. Journal of Regional Science, 55(3), pp.468-490.
Abstract: This paper explores the sorting process in response to differing levels of aviation noise exposure in a housing market. Spatiotemporal hedonic pricing (HP) and stated choice (SC) results reflect nonlinearities and stigma. The HP models reveal nonlinear noise depreciation increasing from 0.40 to 2.38 percent per decibel as noise increases, while the SC noise values are lower in an area with high long-term noise exposure. These nonlinearities are attributed to the spatial sorting of noise tolerant individuals. HP results from the same “noisy“ area show a “stigma“ from noise during the first year after the complete removal of aviation noise.
Description: This article is closed access.
Sponsor: We would like to thank EUROCONTROL Experimental Centre for funding this research.
Version: Accepted for publication
DOI: 10.1111/jors.12162
URI: https://dspace.lboro.ac.uk/2134/16661
Publisher Link: http://dx.doi.org/10.1111/jors.12162
ISSN: 0022-4146
Appears in Collections:Closed Access (Civil and Building Engineering)

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