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Stated choice valuation of traffic related noise

Arsenio, A., Bristow, A.L. and Wardman, M.R. (2006) Stated choice valuation of traffic related noise. Transportation Research D, 11 (1). pp. 15-31. ISSN 1361-9209

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Abstract

This paper reports a novel application of the stated choice method to the valuation of road traffic noise. The innovative context used is that of choice between apartments with different levels of traffic noise, view, sunlight and cost with which respondents would be familiar. Stated choice models were developed on both perceived and objective measures of traffic noise, with the former statistically superior, and an extensive econometric analysis has been conducted to assess the nature and extent of householders’ heterogeneity of preferences for noise. This found that random taste variation is appreciable but also identified considerable systematic variation in valuations according to income level, household composition and exposure to noise. Self-selectivity is apparent, whereby those with higher marginal values of noise tend to live in quieter apartments. Sign and reference effects were apparent in the relationship between ratings and objective noise measures, presumably reflecting the non-linear nature of the latter. However, there was no strong support for sign, size or reference effects in the valuations of perceived noise levels.

Item Type: Article
Copyright, Publisher and Additional Information: © 2006 Elsevier B.V. This is an author produced version of a paper published in Transportation Research Part D:Transport and Environment. Uploaded in accordance with the publisher's self-archiving policy.
Keywords: stated choice; environmental externality; value of traffic noise; computer aided personal interview; discrete choice models; mixed logit; heterogeneity of preferences.
Institution: The University of Leeds
Academic Units: The University of Leeds > Faculty of Environment (Leeds) > Institute for Transport Studies (Leeds)
Depositing User: Adrian May
Date Deposited: 03 Aug 2007
Last Modified: 30 Aug 2014 03:32
Published Version: http://www.elsevier.com/locate/trd
Status: Published
Publisher: Elsevier Science
Refereed: Yes
Identification Number: 10.1016/j.trd.2005.07.001
Related URLs:
URI: http://eprints.whiterose.ac.uk/id/eprint/2463

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