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Ekonomické hodnocení hluku ze silniční dopravy: studie podmíněného hodnocení
[The Economic Valuation of Road Traffic Noise: The Contingent Valuation Study]

Author

Listed:
  • Patrik Sieber
  • Jan Melichar

Abstract

Our study investigates the benefits that the Czech inhabitants could gain from the reduction of road traffic noise. We applied contingent valuation study in order to estimate willingness-to-pay (WTP) for the reduction of traffic noise by 10 dB (from 70 dB up 60 dB). Using data from 2010 Czech representative survey (n=2,104), we estimated mean WTP by nonparametric method which was based on the Kaplan-Meier estimate. Further, we explained the variability of WTP using Double-Hurdle model. In the first step, the Probit model explained the choice of individuals that are willing to participate on the program decreasing the road noise. In the second step, the log-normal regression model explained the variability of WTP on the socio-economic characteristics of individuals and characteristics of noise in the area where people live.

Suggested Citation

  • Patrik Sieber & Jan Melichar, 2014. "Ekonomické hodnocení hluku ze silniční dopravy: studie podmíněného hodnocení [The Economic Valuation of Road Traffic Noise: The Contingent Valuation Study]," Politická ekonomie, Prague University of Economics and Business, vol. 2014(6), pages 824-849.
    • Handle: RePEc:prg:jnlpol:v:2014:y:2014:i:6:id:984:p:824-849
    DOI: 10.18267/j.polek.984
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    References listed on IDEAS

    as
    1. Charles D. Kolstad, 2000. "Spatial Environmental and Resource Economics," Books, Edward Elgar Publishing, number 1918.
    2. David Hoyos & Petr Mariel, 2010. "Contingent Valuation: Past, Present and Future," Prague Economic Papers, Prague University of Economics and Business, vol. 2010(4), pages 329-343.
    3. Ian J. Bateman & Richard T. Carson & Brett Day & Michael Hanemann & Nick Hanley & Tannis Hett & Michael Jones-Lee & Graham Loomes, 2002. "Economic Valuation with Stated Preference Techniques," Books, Edward Elgar Publishing, number 2639.
    4. Anna Alberini & James R. Kahn (ed.), 2006. "Handbook on Contingent Valuation," Books, Edward Elgar Publishing, number 1893.
    5. Cragg, John G, 1971. "Some Statistical Models for Limited Dependent Variables with Application to the Demand for Durable Goods," Econometrica, Econometric Society, vol. 39(5), pages 829-844, September.
    6. Paulo A.L.D. Nunes & Jeroen C.J.M. van den Bergh, 2003. "The Ecological Economics of Biodiversity," Books, Edward Elgar Publishing, number 2993.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    contingent valuation; noise; road traffic; willingness-to-pay; compensating surplus;
    All these keywords.

    JEL classification:

    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
    • C34 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Truncated and Censored Models; Switching Regression Models
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling

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