| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 1065920 | Transportation Research Part D: Transport and Environment | 2013 | 4 Pages |
Abstract
The paper offers a valuation of urban rail noise in South Korea using the hedonic pricing method. It considers trade-offs in the context of housing prices, locality, and environment intrusion. The model adopted provides a reasonable explanation of the determinants of property values, with a unit increase in dB(A) decreases property value by 0.53% in the Seoul area.
► A hedonic pricing model provides valuation of the rail noise in Seoul, Korea. ► The model trades-off housing prices, locality, and environment intrusion. ► A unit increase in dB(A) decreases property value by 0.53%.
Keywords
Related Topics
Life Sciences
Environmental Science
Environmental Science (General)
Authors
Justin S. Chang, Dae-Jin Kim,