A steady growth in traffic intensities in most urban areas throughout the world has forced planners and politicians to seriously consider the resulting environmental impact, such as traffic noise, accidents and air pollution. The assessment of such negative factors is needed in order to reveal the true social benefit of infrastructure plans. The paper presents a noise assessment model for the Copenhagen region, which brings together GIS technology and non-linear hedonic regression models to reveal the implicit costs of traffic noise measured as the marginal percentage loss in property values with respect to the decibel traffic noise. The model distinguishes between houses and apartments and shows that the ability to include refined accessibility variables have significant impact on estimated prices.
|Journal||International Journal of Environmental Studies. Sections A & B|
|Publication status||Published - 2004|