A hedonic model of the impact of localized aircraft noise on housing values /
The market becomes inefficient when externalities cause market failure. However, an externality does not entrain inefficiency if a market other than the one that generates it accounts for it in some way. Airports are a well-known source of the negative externality noise; and housing market are commo...
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1993
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ndltd-LACETR-oai-collectionscanada.gc.ca-QMM.696922014-02-13T04:04:46ZA hedonic model of the impact of localized aircraft noise on housing values /Tarassoff, Peter StuartHousing -- Québec (Province) -- Montréal Suburban AreaAirport noise -- Québec (Province) -- Montréal Suburban Area.The market becomes inefficient when externalities cause market failure. However, an externality does not entrain inefficiency if a market other than the one that generates it accounts for it in some way. Airports are a well-known source of the negative externality noise; and housing market are commonly thought to be affected by airport noise. A hedonic model was applied to airport noise and the housing market, together. It was found that the housing market of the West Island of Montreal did account implicitly for the noise annoyance from Dorval Airport, hence that the noise was a pecuniary externality. Moreover, each additional unit of noise annoyance (NEFdB) was found to cause an average depreciation in housing price (NDSI) of 0.76%. Finally, the linguistic predominance (French- or English-speaking) of a neighhourhood's residents may be an appropriate Canadian analogue for the racial variables that have been specified in some hedonic property models in the U.S.McGill UniversityThomassin, Paul J. (advisor)1993Electronic Thesis or Dissertationapplication/pdfenalephsysno: 001382907proquestno: AAIMM91790Theses scanned by UMI/ProQuest.All items in eScholarship@McGill are protected by copyright with all rights reserved unless otherwise indicated.Master of Science (Department of Agricultural Economics.) http://digitool.Library.McGill.CA:80/R/?func=dbin-jump-full&object_id=69692 |
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Housing -- Québec (Province) -- Montréal Suburban Area Airport noise -- Québec (Province) -- Montréal Suburban Area. |
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Housing -- Québec (Province) -- Montréal Suburban Area Airport noise -- Québec (Province) -- Montréal Suburban Area. Tarassoff, Peter Stuart A hedonic model of the impact of localized aircraft noise on housing values / |
description |
The market becomes inefficient when externalities cause market failure. However, an externality does not entrain inefficiency if a market other than the one that generates it accounts for it in some way. Airports are a well-known source of the negative externality noise; and housing market are commonly thought to be affected by airport noise. A hedonic model was applied to airport noise and the housing market, together. It was found that the housing market of the West Island of Montreal did account implicitly for the noise annoyance from Dorval Airport, hence that the noise was a pecuniary externality. Moreover, each additional unit of noise annoyance (NEFdB) was found to cause an average depreciation in housing price (NDSI) of 0.76%. Finally, the linguistic predominance (French- or English-speaking) of a neighhourhood's residents may be an appropriate Canadian analogue for the racial variables that have been specified in some hedonic property models in the U.S. |
author2 |
Thomassin, Paul J. (advisor) |
author_facet |
Thomassin, Paul J. (advisor) Tarassoff, Peter Stuart |
author |
Tarassoff, Peter Stuart |
author_sort |
Tarassoff, Peter Stuart |
title |
A hedonic model of the impact of localized aircraft noise on housing values / |
title_short |
A hedonic model of the impact of localized aircraft noise on housing values / |
title_full |
A hedonic model of the impact of localized aircraft noise on housing values / |
title_fullStr |
A hedonic model of the impact of localized aircraft noise on housing values / |
title_full_unstemmed |
A hedonic model of the impact of localized aircraft noise on housing values / |
title_sort |
hedonic model of the impact of localized aircraft noise on housing values / |
publisher |
McGill University |
publishDate |
1993 |
url |
http://digitool.Library.McGill.CA:80/R/?func=dbin-jump-full&object_id=69692 |
work_keys_str_mv |
AT tarassoffpeterstuart ahedonicmodeloftheimpactoflocalizedaircraftnoiseonhousingvalues AT tarassoffpeterstuart hedonicmodeloftheimpactoflocalizedaircraftnoiseonhousingvalues |
_version_ |
1716644900905156608 |