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 …