Chapter

How To Find Compensations For Aircraft Noise Nuisance

Bernard Van Praag

in Happiness Quantified

Published in print April 2004 | ISBN: 9780198286547
Published online January 2005 | e-ISBN: 9780191718601 | DOI: http://dx.doi.org/10.1093/0198286546.003.0011
 How To Find Compensations For Aircraft Noise Nuisance

Show Summary Details

Preview

This chapter examines the monetary compensation needed to neutralize aircraft noise for households living around the Amsterdam airport. Two cases are considered. In the first case, houses with a noisy environment are cheaper than houses in a quiet environment, while there is no price adaptation in the second case. It is shown that Amsterdam housing costs do not depend on the noise, meaning the housing prices and rents do not appear to internalise the external effect completely.

Keywords: noise nuisance; monetary compensation; aircraft noise; Amsterdam airport; external effects

Chapter.  9493 words.  Illustrated.

Subjects: Microeconomics

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.