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Using Happiness Surveys to Value Intangibles : The Case of Airport Noise

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dc.creator van Praag, Bernard M. S.
dc.creator Baarsma, Barbara E.
dc.date 2004
dc.date.accessioned 2013-10-16T07:10:02Z
dc.date.available 2013-10-16T07:10:02Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/20331
dc.identifier ppn:384730809
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/20331
dc.description Inhabitants of houses near Amsterdam Airport are complaining of noise nuisance, caused by aircraft traffic. The usual assumption is that the effect of the externality will be perfectly reflected by house price differentials. This is based on the implicit assumption that there is a well-functioning housing market. If that is not true, we need a correction method in order to assess the intangible damage. We assess the monetary value of the noise damage, caused by aircraft noise nuisance around Amsterdam Airport as the sum of hedonic 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.
dc.language eng
dc.relation IZA Discussion paper series 1096
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject H23
dc.subject D61
dc.subject D62
dc.subject C25
dc.subject L93
dc.subject ddc:330
dc.subject cost-benefit analysis
dc.subject externalities
dc.subject airport noise
dc.subject satisfaction analysis
dc.subject residual shadow costs
dc.subject Flughafen
dc.subject Lärm
dc.subject Lebensqualität
dc.subject Theorie
dc.subject Amsterdam
dc.subject Lebenszufriedenheit
dc.title Using Happiness Surveys to Value Intangibles : The Case of Airport Noise
dc.type doc-type:workingPaper

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