Template-Type: ReDIF-Paper 1.0
Series: Tinbergen Institute Discussion Papers
Creation-Date: 2001-01-26
Number: 01-010/3
Author-Name: Bernard M.S. van Praag
Author-Email: b.m.s.vanpraag@uva.nl
Author-Workplace-Name: University of Amsterdam
Author-Name: B.E. Baarsma
Author-Email: barbarab@seo.fee.uva.nl
Author-Workplace-Name: SEO, University of Amsterdam
Title: The Shadow Price of Aircraft Noise Nuisance
Abstract: This paper has a twofold objective. First, we develop a new method to assess the monetary valuefor individuals of external effects. The method makes use of an ordinal index of life satisfaction asscored by individual respondents who are subjected in varying intensity to the external effect. Oursecond objective is to assess, with this method, to what extent noise nuisance effects aroundAmsterdam Airport Schiphol are internalized and what should be the monetary compensation forthe nuisance. Such a compensation scheme depends on, among other things, the objective noiselevel, income and the presence of noise insulation.
Classification-JEL: D62; D61; H23; L93; C25
File-Url: https://papers.tinbergen.nl/01010.pdf
File-Format: application/pdf
File-Size: 114943 bytes
Handle: RePEc:tin:wpaper:20010010