Noise-induced pollution constitutes a hot and topical societal problem for all major airports. This paper discusses … various issues in the implementation of a market for noise licenses as a solution to solve the noise externality between the …

This paper presents a market design for the management of noise disturbance created by aircraft traffic around large … airports. A market for tradable noise permits allows noise generators to compensate harmed residents. We show that the noise …-weight the benefit of economic activity compared to the disutility of noise disturbances. The fact that zones are likely to be …