Evaluating noise annoyance cost recovery at Düsseldorf International Airport |
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| Authors: | Ronny Püschel Christos Evangelinos |
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| Institution: | 1. University of Nevada-Reno, USA;2. Tianjin Chengjian University, China;3. Renmin University of China, China;1. London School of Economics and Political Science, Centre for Economic Performance, Houghton Street, London WC2A 2AE, United Kingdom;2. Simetrica Research Consultancy, The Shepherds Building (West Entrance), Rockley Road, Shepherds Bush, London, W14 0DA, United Kingdom;3. Department of Economics, University of Sussex, Jubilee Building, Falmer, Brighton BN1 9SL, United Kingdom;1. Institute for Transport and Economics, Friedrich List Faculty of Transportation and Traffic Sciences, Technische Universität Dresden (Dresden University of Technology), TU Dresden, 01062 Dresden, Germany;2. School of Business and Management, International University of Applied Sciences Bad Honnef/Bonn, Germany |
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| Abstract: | This study estimates airport noise annoyance cost around Düsseldorf, Germany by examining rental apartment market data. Using data on regional apartment offers we estimate rent discounts of 1.04% per additional decibel of airport noise. Other sources of traffic noise induce significantly lower price effects. As a result, airport noise annoyance costs amount to about €7.5 million a year. While the noise protection fund recovers annoyance costs, the charging regime of the airport fails to fully internalize them. |
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