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The Economics of Airport Noise: Managing Markets for Noise Licenses

Author

Listed:
  • Thierry Bréchet

    (Université catholique de Louvain)

  • Pierre M. Picard

    (University of Luxembourg)

Abstract

Noise-induced pollution constitutes a hot and topical societal problem for all major airports. This paper discusses various issues in the implementation of a market for noise licenses as a solution to solve the noise externality between the residents located around airports and the aircrafts moving in and to airports.

Suggested Citation

  • Thierry Bréchet & Pierre M. Picard, 2010. "The Economics of Airport Noise: Managing Markets for Noise Licenses," DEM Discussion Paper Series 10-13, Department of Economics at the University of Luxembourg.
    • Handle: RePEc:luc:wpaper:10-13
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    File URL: http://wwwen.uni.lu/content/download/30898/368593/file/2010_13-The%20Economics%20of%20Airport%20Noise%20Managing%20Markets%20for%20Noise%20Licences.pdf
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    References listed on IDEAS

    as
    1. Thierry Bréchet & Pierre M. Picard, 2010. "The Price Of Silence: Markets For Noise Licenses And Airports," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 51(4), pages 1097-1125, November.
    2. Bernard M. S. van Praag & Barbara E. Baarsma, 2005. "Using Happiness Surveys to Value Intangibles: The Case of Airport Noise," Economic Journal, Royal Economic Society, vol. 115(500), pages 224-246, January.
    3. Jon P. Nelson, 2004. "Meta-Analysis of Airport Noise and Hedonic Property Values," Journal of Transport Economics and Policy, University of Bath, vol. 38(1), pages 1-27, January.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Airport; environment; noise; licenses;
    All these keywords.

    JEL classification:

    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • R4 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics
    • D4 - Microeconomics - - Market Structure, Pricing, and Design
    • D6 - Microeconomics - - Welfare Economics
    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • L5 - Industrial Organization - - Regulation and Industrial Policy
    • L93 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Air Transportation

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