This study evaluates the cost of aircraft noise in Berlin, Germany, on the background of the home-voter hypothesis …, which has received increasing attention in the literature. First, we use exogenous variation in airport noise provided by a … closure. Our results indicate that aircraft noise is costly. We observe significant positive market adjustments to reductions …

century ago. Over this period, the negative implicit hedonic price of rail noise tripled. Our results imply income … elasticities of the value of noise reduction and transport access of 2.2 and 1.4, substantially exceeding cross …

methods to disentangle the offsetting noise and accessibility effects of one technology of mass transit, metro rail, analyzing … land prices (house prices) by 21% (5%), while a 10 db increase in noise depreciates land prices (house prices) by 5% (1 …%). We show that these effects are underestimated by 40% (access) to 80% (noise) if they are not estimated conditional on …

century ago. Over this period, the negative implicit hedonic price of rail noise tripled. Our results imply income … elasticities of the value of noise reduction and transport access of 2.2 and 1.4, substantially exceeding cross …