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" The External Damage Cost of Direct Noise From Motor Vehicles "
Delucchi, Mark A.; Hsu, Shi-Ling
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AL
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| Record Number
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907949
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LA8cx9j5vg
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| Title & Author
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The External Damage Cost of Direct Noise From Motor Vehicles [Article]\ Delucchi, Mark A.; Hsu, Shi-Ling
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| Date
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1996
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| Title of Periodical
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UC Berkeley
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| Abstract
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In many urban areas, noise is a serious problem. Noise disturbs sleep, disrupts activities, hinders work, impedes learning, and causes stress (Linster, 1990). Indeed, surveys often find that noise is the most common disturbance in the home (Organization for Economic Cooperation and Development [OECD], 1988). And motor vehicles usually are the primary source of that noise (OECD, 1988)1.Noise is a prominent enough problem that it measurably affects the value of homes. Econometric or “hedonic” price analyses measure this effect by estimating the sales price of a house as a function of a number of important characteristics, including the ambient noise level or distance from a major noise source (Nelson, 1978; Hall and Welland, 1987; O’Byrne et al., 1985). If such an analysis does not omit important determinants of sales price, it can tell us how much an additional decibel of noise (above a certain threshold) reduces the value of a home2. This
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