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.
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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 |
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