S-Space Graduate School of Environmental Studies (환경대학원) Dept. of Environmental Planning (환경계획학과) Journal Papers (저널논문_환경계획학과)
Hedonic estimates of rail noise in Seoul
- Chang, Justin S.; Kim, Dae-Jin
- Issue Date
- Transportation Research Part D-Transport and Environment, Vol.19 No.19, pp. 1-4
- 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. (c) 2012 Elsevier Ltd. All rights reserved.
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