UCL Discovery
UCL home » Library Services » Electronic resources » UCL Discovery

Residential Sorting and Environmental Externalities: the Case of Non-linearities and Stigma in Aviation Noise Values

Thanos, S; Bristow, AL; Wardman, M; (2015) Residential Sorting and Environmental Externalities: the Case of Non-linearities and Stigma in Aviation Noise Values. Journal of Regional Science , 55 (3) pp. 468-490. 10.1111/jors.12162. Green open access

[thumbnail of Thanos_et_al-Sorting_and_aviation_noise.pdf]
Preview
PDF
Thanos_et_al-Sorting_and_aviation_noise.pdf

Download (760kB)

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.

Type: Article
Title: Residential Sorting and Environmental Externalities: the Case of Non-linearities and Stigma in Aviation Noise Values
Open access status: An open access version is available from UCL Discovery
DOI: 10.1111/jors.12162
Publisher version: http://dx.doi.org/10.1111/jors.12162
Language: English
Additional information: This is the peer reviewed version of the following article: Thanos, S; Bristow, AL; Wardman, M; (2015) Residential Sorting and Environmental Externalities: the Case of Non-linearities and Stigma in Aviation Noise Values. Journal of Regional Science , 55 (3) pp. 468-490, which has been published in final form at http://dx.doi.org/10.1111/jors.12162. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving.
Keywords: Valuation of Environmental Effects, Aviation Noise, Sorting, Spatial econometrics, Stigma, Spatio-Temporal Models
UCL classification: UCL
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment
URI: https://discovery.ucl.ac.uk/id/eprint/1434225
Downloads since deposit
145Downloads
Download activity - last month
Download activity - last 12 months
Downloads by country - last 12 months

Archive Staff Only

View Item View Item