1 / 17

Airports: Noise vs. Proximity

Airports: Noise vs. Proximity. Alexander Knapp Econ 439 3/12/2008. Questions. Should people living near an airport be compensated for the noise generated? If so, how much?. Reno-Tahoe Airport. 1417 homes were observed Noise levels were taken in decibles

Download Presentation

Airports: Noise vs. Proximity

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Airports: Noise vs. Proximity Alexander Knapp Econ 439 3/12/2008

  2. Questions • Should people living near an airport be compensated for the noise generated? • If so, how much?

  3. Reno-Tahoe Airport • 1417 homes were observed • Noise levels were taken in decibles • Overall quality of houses were recorded, including selling price

  4. Map was created:

  5. A hedonic equation was used to calculate the new price of the house including the noise nuisance: • P = β0 + βnNoise + βDDistance +∑ β1Xi + u • Where β0 is a constant term • Noise is the noise level within a certain contour • Distance is valued in miles • Xi is all of the external variables

  6. Results:

  7. Conclusion: • Noise and Distance both have a negative impact on property values for the Reno-Tahoe Airport

  8. Manchester Airport • Very similar setup to the Reno-Tahoe study • 568 homes observed • Similar external house variables added to equation • Leq was used in place of overall decibels • Observes the excess noise energy made by the airport excluding the background noise

  9. Graphically the results look like this:

  10. Conclusion: • Noise, like the Reno-Tahoe study, has a negative impact on property values • Proximity, however, has a positive impact on property values

  11. What does this mean for policy makers? • Reno-Tahoe Study? • Placing tougher noise policies could increase property value • Manchester Study? • Placing tougher noise policies could cause flight delays and eventually stunt the growth of the surrounding area Must be looked at on a case by case bases

  12. Zurich airport to pay $160,000 USD to one homeowner • 19,000 more lawsuits could follow • In 2008 the Minneapolis Airport was forced to provide noise mitigation for 9,560 homes totaling $127 million • Oakland CA. the Port of Oakland agreed to insulate 200 homes if the city would drop the lawsuit preventing an airport expansion

  13. Questions?

  14. Espey, M., & Lopez, H. (2000). The Impact of Airport Noise and Proximity on Residential Property Values. Growth and Change , 408-419. • Tomkins, J., Topham, N., Twomey, J., & Ward, R. (1998). Noise versus Access: The Impact of an Airport in Urban Property Market. Urban Studies, Vol. 35, No. 2 , 243-258. • http://www.swissinfo.org/eng/front/Airport_noise_test_case_wins_compensation.html?siteSect=108&sid=8793737&cKey=1204277366000&ty=st • http://www.ci.minneapolis.mn.us/airportnoise/ • http://findarticles.com/p/articles/mi_qn4176/is_20040815/ai_n14584126

More Related