Working Papers, Swedish National Road & Transport Research Institute (VTI)
No 2008:10:
Property Prices and Exposure to Multiple Noise Sources: Hedonic Regression with Road and Railway Noise
Henrik Andersson ()
, Lina Jonsson ()
and Mikael Ögren ()
Abstract: This study examines the effect of road and railway noise
on property prices. It uses the hedonic regression technique on a Swedish
data set that contains information about both road and railway noise for
each property, and finds that road noise has a larger negative impact on
the property prices than railway noise. This is in line with the evidence
from the acoustical literature which has shown that individuals are more
disturbed by road than railway noise, but contradicts recent results from a
hedonic study on data of the United Kingdom.
Keywords: Hedonic Pricing; Noise; Railway Traffic; Road Traffic; (follow links to similar papers)
JEL-Codes: C13; C21; Q51; Q53; (follow links to similar papers)
19 pages, September 18, 2008
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- This paper is published as:
-
Andersson, Henrik, Lina Jonsson and Mikael Ögren, (2010), 'Property Prices and Exposure to Multiple Noise Sources: Hedonic Regression with Road and Railway Noise', Environmental and Resource Economics, Vol. 45, No. 1, pages 73-89
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