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

Bernard M.S. van Praag () and Barbara E. Baarsma ()

Economic Journal, 2005, vol. 115, issue 500, pages 224-246

Abstract: We assess the monetary value of the noise damage, caused by aircraft noise nuisance around Amsterdam Airport, as the sum of hedonic house 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. Copyright 2005 Royal Economic Society.

Date: 2005
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Working Paper: Using Happiness Surveys to Value Intangibles: The Case of Airport Noise (2004)
Working Paper: Using Happiness Surveys to Value Intangibles: The Case of Airport Noise (2004)
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