Abstract
In the course of a large-scale survey of noise nuisance due to road traffic, carried out in the Greater London area and already extensively reported, respondents were invited to evaluate the worth of peace and quiet in monetary terms. The data was submitted to multiple regression analysis and estimates related to noise level and traffic composition were obtained. It was found that at lower levels of nuisance, household income and related variables were major determinants of monetary estimates and played a greater part than noise or traffic variables. The results appear to be comparable with estimates derived by economists from the study of depreciation of house prices as a consequence of noise. The general significance of the findings is discussed and suggestions for further study are made.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
