In October 2003, a new flight regime was introduced at Zurich airport that significantly changed the levels of noise … characteristics. The noise discount is still significant, although smaller, even after the inclusion of object-speciffc fixed effects … noise ; hedonic approach ; non-linear difference-in-differences ; policy evaluation …

we find a constant markup for apartments in regions exposed to less aircraft noise, and a constant discount in regions … with more noise. Alternative demand-side indicators like search effort and turnover adapt to the new macro situation and …

noise effects from price adjustments in the market for rental apartments. Controlling for spatial and apartment … heterogeneity, we find that aircraft noise reduces apartment rents by about 0.5% per decibel. Our results indicate (i) that noise … discounts are overestimated in cross-sectional studies because aircraft noise tends to be negatively correlated with omitted …