Sound effects: Measuring the impact of aircraft noise on residential property values around McCarran International Airport |
Posted on:1998-09-29 | Degree:M.A | Type:Thesis |
University:University of Nevada, Las Vegas | Candidate:Myles, Curtis L., III | Full Text:PDF |
GTID:2462390014477629 | Subject:Economics |
Abstract/Summary: | |
The airline industry is investing billions of dollars to adhere to the Airport Noise and Capacity Act of 1990. The Act requires airlines to reconfigure 100% of their fleets with quieter aircraft. This regulation is based in part on studies conducted around airport facilities which indicated a negative impact from noise on residential property values.;The purpose of this paper is to review the issue of aircraft noise and its impact on residential property, specifically single-family homes. It discusses the use of hedonic functional forms in measuring the effect of aircraft noise around a major airport facility. The empirical analysis concludes that a low, negative impact on single-family residences can be expected as a result of aircraft noise exposure around McCarran International Airport. |
Keywords/Search Tags: | Airport, Aircraft noise, Residential property values, Impact |
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