Valuation of Noise Pollution and Abatement Policy: Evidence from the Minneapolis-St. Paul International Airport

References

1. ↵
   1. Affuso, E.,
   2. S. B. Caudill,
   3. F. G. Mixon, and
   4. K. W. Starnes

   . 2019. “Is Airport Proximity an Amenity or Disamenity? An Empirical Investigation Based on House Prices.” Land Economics 95 (3): 391–408.

   OpenUrlAbstract/FREE Full Text
2. ↵
   1. Ahlfeldt, G. M., and
   2. W. Maennig

   . 2015. “Homevoters vs. Leasevoters: A Spatial Analysis of Airport Effects.” Journal of Urban Economics 87: 85–99.

   OpenUrl
3. ↵
   1. Alexander-Adams, M.

   2015. Fact Sheet: The FAA Airport Noise Program. Washington, DC: U.S. Department of Transportation, Federal Aviation Administration. Available at https://www.faa.gov/news/fact_sheets/news_story.cfm?newsId=18114.
4. ↵
   1. Almer, C.,
   2. S. Boes, and
   3. S. Nüesch

   . 2017. “Adjustments in the Housing Market after an Environmental Shock: Evidence from a Large-Scale Change in Aircraft Noise Exposure.” Oxford Economic Papers 69 (4): 918–38.

   OpenUrl
5. ↵
   1. Anderson, T. W., and
   2. C. Hsiao

   . 1981. “Estimation of Dynamic Models with Error Components.” Journal of the American Statistical Association 76 (375): 598–606.

   OpenUrlCrossRefWeb of Science
6. ↵
   1. Anderson, T. W., and
   2. C. Hsiao

   . 1982. “Formulation and Estimation of Dynamic Models Using Panel Data.” Journal of Econometrics 18 (1): 47–82.

   OpenUrlCrossRefWeb of Science
7. ↵
   1. Arellano, M., and
   2. S. Bond

   . 1991. “Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations.” The Review of Economic Studies 58 (2): 277–97.

   OpenUrlCrossRefWeb of Science
8. ↵
   1. Banzhaf, H. S.

   2018. “Difference-in-Differences Hedonics.” Working paper. Atlanta: Georgia State University.
9. ↵
   1. Baumol, W. J.,
   2. W. E. Oates,
   3. W. J. Baumol,
   4. V. S. Bawa,
   5. W. S. Bawa, and
   6. D. F. Bradford

   . 1988. The Theory of Environmental Policy. Cambridge, UK: Cambridge University Press.
10. ↵
    1. Boes, S., and
    2. S. Nüesch

    . 2011. “Quasi-Experimental Evidence on the Effect of Aircraft Noise on Apartment Rents.” Journal of Urban Economics 69 (2): 196–204.

    OpenUrl
11. ↵
    1. Cidell, J.

    2006. “Air Transportation, Airports, and the Discourses and Practices of Globalization.” Urban Geography 27 (7): 651–63.

    OpenUrlCrossRef
12. 1. Cidell, J.

    2015. “The Role of Major Infrastructure in Subregional Economic Development: An Empirical Study of Airports and Cities.” Journal of Economic Geography 15 (6): 1125–44.

    OpenUrlCrossRef
13. ↵
    1. Cohen, J. P., and
    2. C. C. Coughlin

    . 2008. “Spatial Hedonic Models of Airport Noise, Proximity, and Housing Prices.” Journal of Regional Science 48 (5): 859–78.

    OpenUrlCrossRef
14. ↵
    1. Cohen, J. P., and
    2. C. C. Coughlin

    . 2009. “Changing Noise Levels and Housing Prices Near the Atlanta Airport.” Growth and Change 40 (2): 287–313.

    OpenUrlCrossRefWeb of Science
15. ↵
    1. Cohen, J. P., and
    2. C. C. Coughlin

    . 2012. “Where Does Noise Fall on People? Evidence from Atlanta.” In Pricing Behaviour and Non-Price Characteristics in the Airline Industry, edited by J. Peoples, 275–95. Bingley, UK: Emerald Group Publishing Limited.
16. ↵
    1. Cohen, J. P.,
    2. C. C. Coughlin, and
    3. J. Crews

    . 2019. “Traffic Noise in Georgia: Sound Levels and Inequality.” Journal of Housing Economics 44: 150–165.

    OpenUrl
17. ↵
    1. Duranton, G., and
    2. M. A. Turner

    . 2012. “Urban Growth and Transportation.” Review of Economic Studies 79 (4): 1407–40.

    OpenUrlCrossRefWeb of Science
18. ↵
    1. Federal Aviation Administration

    . 2018. FAA History of Noise. Available at https://www.faa.gov/regulations_policies/policy_guidance/noise/history/.
19. ↵
    1. Fidell, S.,
    2. K. Pearsons,
    3. L. Silvati, and
    4. M. Sneddon

    . 2002. “Relationship between Low-Frequency Aircraft Noise and Annoyance Due to Rattle and Vibration.” The Journal of the Acoustical Society of America 111 (4): 1743–50.

    OpenUrlCrossRefPubMed
20. ↵
    1. Girvin, R.

    2009. “Aircraft Noise-Abatement and Mitigation Strategies.” Journal of Air Transport Management 15 (1): 14–22.

    OpenUrlCrossRef
21. ↵
    1. Holtz-Eakin, D., and
    2. A. E. Schwartz

    . 1995. “Spatial Productivity Spillovers from Public Infrastructure: Evidence from State Highways.” International Tax and Public Finance 2 (3): 459–68.

    OpenUrlCrossRef
22. ↵
    1. InterVistas Consulting, Inc

    . 2017. Minneapolis-St. Paul International Airport; Economic Impact of Its Operations 2016. Washington, DC: InterVistas Consulting, Inc. Available at https://www.mspairport.com/sites/default/files/2017-09/MSP%20Economic%20Impact%20Study%202016%20FINAL%20DRAFT%20REPORT%20%2814Sep2017%29.pdf.
23. ↵
    1. Kain, J. F., and
    2. J. M. Quigley

    . 1970. “Measuring the Value of Housing Quality.” Journal of the American Statistical Association 65 (330): 532–48.

    OpenUrlCrossRefWeb of Science
24. ↵
    1. McMillen, D. P.

    2004. “House Prices and the Proposed Expansion of Chicago’s O’Hare Airport.” Economic Perspectives—Federal Reserve Bank of Chicago 28 (3): 28–39.

    OpenUrl
25. ↵
    1. Meister, E. A., and
    2. R. J. Donatelle

    . 2000. “The Impact of Commercial-Aircraft Noise on Human Health: A Neighborhood Study in Metropolitan Minnesota.” Journal of Environmental Health 63 (4).
26. ↵
    1. Mense, A., and
    2. K. A. Kholodilin

    . 2014. “Noise Expectations and House Prices: The Reaction of Property Prices to an Airport Expansion.” The Annals of Regional Science 52 (3): 763–97.

    OpenUrlCrossRef
27. ↵
    1. Metropolitan Airports Commission

    . 2017. Minneapolis St. Paul International Airport (MSP) 2017 Annual Noise Contour Report. St. Paul, MN: Metropolitan Airports Commission.
28. ↵
    1. Metropolitan Airports Commission

    . 2018a. History. St. Paul, MN: Metropolitan Airports Commission. Available at https://www.mspairport.com/about-msp/history.
29. ↵
    1. Metropolitan Airports Commission

    . 2018b. About MSP. St. Paul, MN: Metropolitan Airports Commission. Available at https://www.mspairport.com/about-msp.
30. ↵
    1. Nelson, J. P.

    1980. “Airports and Property Values: A Survey of Recent Evidence.” Journal of Transport Economics and Policy 14 (1): 37–52.

    OpenUrlWeb of Science
31. ↵
    1. Nelson, J. P.

    2004. “Meta-Analysis of Airport Noise and Hedonic Property Values.” Journal of Transport Economics and Policy 38 (1): 1–27.

    OpenUrlWeb of Science
32. ↵
    1. Paul, D. E.

    2005. “The Local Politics of Goinng Global’: Making and Unmaking Minneapolis-St. Paul as a World City.” Urban Studies 42 (12): 2103–22.

    OpenUrlCrossRef
33. ↵
    1. Pilgram, C. A., and
    2. S. E. West

    . 2018. “Fading Premiums: The Effect of Light Rail on Residential Property Values in Minneapolis, Minnesota.” Regional Science and Urban Economics 69: 1–10.

    OpenUrl
34. ↵
    1. Pope, J. C.

    2008. “Buyer Information and the Hedonic: The Impact of a Seller Disclosure on the Implicit Price for Airport Noise.” Journal of Urban Economics 63 (2): 498–516.

    OpenUrlCrossRefWeb of Science
35. ↵
    1. Püschel, R., and
    2. C. Evangelinos

    . 2012. “Evaluating Noise Annoyance Cost Recovery at Düsseldorf International Airport.” Transportation Research Part D: Transport and Environment 17 (8): 598–604.

    OpenUrl
36. ↵
    1. Rosen, S.

    1974. “Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition.” Journal of Political Economy 82 (1): 34–55.

    OpenUrlCrossRefWeb of Science
37. ↵
    1. Salvi, M.

    2008. “Spatial Estimation of the Impact of Airport Noise on Residential Housing Prices.” Swiss Journal of Economics and Statistics 144 (4): 577–606.

    OpenUrl
38. ↵
    1. Schipper, Y.,
    2. Nijkamp, P., and
    3. P. Rietveld

    . 1998. “Why Do Aircraft Noise Value Estimates Differ? A Meta-Analysis.” Journal of Air Transport Management 4 (2): 117–24.

    OpenUrlCrossRef
39. ↵
    1. Schlenker, W., and
    2. W. R. Walker

    . 2016. “Airports, Air Pollution, and Contemporaneous Health.” The Review of Economic Studies 83 (2): 768–809.

    OpenUrlCrossRef
40. ↵
    1. Stevens, S. S.

    1972. “Perceived Level of Noise by Mark VII and Decibels (E).” The Journal of the Acoustical Society of America 51 (2B): 575–601.

    OpenUrlCrossRefWeb of Science