Traffic noise and property values: an instrumental variable strategy for hedonic valuation

Bravo-Moncayo, Luis; Mosquera, Roberto; Puyana-Romero, Virginia; Romero, Michelle; Lucio-Naranjo, José; Suarez, Enrique

Abstract

Noise pollution is a consequence of socioeconomic development processes and urbanization. Noise action plans, urban planning, and traffic management are costly, and their undertaking raises the issue of the value of noise reduction to households. We use hedonic pricing to estimate the value of traffic noise for urban residents in Quito, Ecuador. Results were obtained using instrumental variables in order to control the possible omitted variables due to any spatial effect. Considering a large dataset of property attributes and noise exposure, properties inside the mixed land use were compared to those right behind them in a 20-meter buffer, which was characterized by similar structural attributes but different noise exposure levels.

Más información

Título según WOS: Traffic noise and property values: an instrumental variable strategy for hedonic valuation
Título según SCOPUS: ID SCOPUS_ID:85131785926 Not found in local SCOPUS DB
Título de la Revista: JOURNAL OF ENVIRONMENTAL PLANNING AND MANAGEMENT
Volumen: 66
Editorial: ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
Fecha de publicación: 2023
Página de inicio: 2556
Página final: 2575
DOI:

10.1080/09640568.2022.2079079

Notas: ISI, SCOPUS