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Happiness QuantifiedA Satisfaction Calculus Approach$
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Bernard van Praag and Ada Ferrer-i-Carbonell

Print publication date: 2004

Print ISBN-13: 9780198286547

Published to Oxford Scholarship Online: January 2005

DOI: 10.1093/0198286546.001.0001

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How To Find Compensations For Aircraft Noise Nuisance

How To Find Compensations For Aircraft Noise Nuisance

(p.219) 11 How To Find Compensations For Aircraft Noise Nuisance
Happiness Quantified

Bernard Van Praag

Oxford University Press

This chapter examines the monetary compensation needed to neutralize aircraft noise for households living around the Amsterdam airport. Two cases are considered. In the first case, houses with a noisy environment are cheaper than houses in a quiet environment, while there is no price adaptation in the second case. It is shown that Amsterdam housing costs do not depend on the noise, meaning the housing prices and rents do not appear to internalise the external effect completely.

Keywords:   noise nuisance, monetary compensation, aircraft noise, Amsterdam airport, external effects

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