Journal
TRANSPORTATION RESEARCH PART D-TRANSPORT AND ENVIRONMENT
Volume 19, Issue -, Pages 1-4Publisher
PERGAMON-ELSEVIER SCIENCE LTD
DOI: 10.1016/j.trd.2012.11.002
Keywords
Noise nuisance; Hedonic prices; Noise depreciation index; Transport noise
Funding
- Korea Rail Network Authority
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The paper offers a valuation of urban rail noise in South Korea using the hedonic pricing method. It considers trade-offs in the context of housing prices, locality, and environment intrusion. The model adopted provides a reasonable explanation of the determinants of property values, with a unit increase in dB(A) decreases property value by 0.53% in the Seoul area. (c) 2012 Elsevier Ltd. All rights reserved.
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