Chapter

HOW to Find Compensations For Aircraft Noise Nuisance

Bernard Van Praag

in Happiness Quantified

Published in print December 2007 | ISBN: 9780199226146
Published online May 2008 | e-ISBN: 9780191718595 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199226146.003.0011
HOW to Find Compensations For Aircraft Noise Nuisance

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This chapter examines the monetary compensation needed to neutralize aircraft noise for households living around the main airport in Amsterdam. It is shown that housing costs in Amsterdam, due to the prevailing housing market disequilibrium, do not react to the level of prevailing aircraft noise, which implies that the housing prices and rents do not completely internalize the external effect caused by noise. Satisfaction analysis linked with an official aircraft noise zip-code differentiated database makes it possible to assess the monetary compensation, needed in order to neutralize aircraft noise. A differentiation is made between houses that are noise-insulated and those that are not.

Keywords: monetary compensation; aircraft noise; Amsterdam; external effects; noise insulation

Chapter.  9568 words.  Illustrated.

Subjects: Economics

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