Highlights ► 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%.

    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.


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    Titel :

    Hedonic estimates of rail noise in Seoul


    Beteiligte:
    Chang, Justin S. (Autor:in) / Kim, Dae-Jin (Autor:in)


    Erscheinungsdatum :

    2012-01-01


    Format / Umfang :

    4 pages




    Medientyp :

    Aufsatz (Zeitschrift)


    Format :

    Elektronische Ressource


    Sprache :

    Englisch