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Why do aircraft noise value estimates differ? A meta-analysis

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  • Schipper, Youdi
  • Nijkamp, Peter
  • Rietveld, Piet

Abstract

Placing a monetary value on aircraft noise is necessary in order to assess the social cost inflicted by aviation. This need has given rise to a considerable amount of hedonic price (HP) studies on the relation between property values and aircraft noise, both published and unpublished. The present paper performs a statistical analysis of previous HP valuation results, also known as meta-analysis. A set of nineteen studies provides thirty estimates of the Noise Depreciation Index (NDI): a simple test shows that studies display variation among their respective NDI estimates. This variation may, however, be explained by variables representing timing, sample wealth, and specification of the original studies.

Suggested Citation

  • Schipper, Youdi & Nijkamp, Peter & Rietveld, Piet, 1998. "Why do aircraft noise value estimates differ? A meta-analysis," Journal of Air Transport Management, Elsevier, vol. 4(2), pages 117-124.
    • Handle: RePEc:eee:jaitra:v:4:y:1998:i:2:p:117-124
    DOI: 10.1016/S0969-6997(98)00005-2
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