Using measured instead of perceived noise in hedonic models

Abstract

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Modelling hedonic residential rents for land use and transport simulation while considering spatial effects

“…ose rent studies either use the net annual or monthly rent (Baranzini and Ramirez 2005;Baranzini and Schaerer 2007;Baranzini et al 2006;Brunauer et al 2009) or the monthly gross rent (Ban et al 2006). For other hedonic rent studies, it is not speci ed if gross or net rents have been used (e.g.…”

The Impact of Objective and Subjective Measures of Air Quality and Noise on House Prices: A Multilevel Approach for Downtown Madrid

“…The introduction of "subjective" measures, based on people's perceptions, of either air or noise pollution has been exceptionally considered in the hedonic specification for house prices, probably because they are more difficult to obtain (Murti et al 2003, Hartley et al 2005, Berezansky et al 2010, while to the best of our knowledge there is no valuation of objective versus subjective air and noise pollution, as a whole, in the same model. Baranzini et al (2010) compare subjective and objective measures of noise but they do not consider air quality. It must be said that the combination of objective and subjective approaches is an idea that has been gaining ground in the literature.…”

Relation between Observed and Perceived Traffic Noise and Socio-Economic Status in Urban Blocks of Different Characteristics

“…Looking at hedonic evaluation of property in relation to traffic noise, Baranzini, Schaerer and Thalmann found a high correlation between measured, resp. extrapolated and perceived noise levels [59]. Neither of these studies investigated, though, whether socio-economic variables are in any way related to a variation in perception of comparable noise levels.…”