RESIDENTIAL SORTING AND ENVIRONMENTAL EXTERNALITIES: THE CASE OF NONLINEARITIES AND STIGMA IN AVIATION NOISE VALUES |
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| Authors: | Sotirios Thanos Abigail L. Bristow Mark R. Wardman |
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| Affiliation: | 1. Centre for Energy Epidemiology, UCL Energy Institute, University College London, WC1H 0NN, London, United Kingdom;2. School of Civil and Building Engineering, Loughborough University, LE11 3TU, Loughborough, United Kingdom;3. Institute for Transport Studies, University of Leeds, LS2 9JT, Leeds, United Kingdom |
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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. |
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