Andersson, Henrik, Jonsson, Lina and Ögren, Mikael (2010) Property Prices and Exposure to Multiple Noise Sources: Hedonic Regression with Road and Railway Noise. Environmental and Resource Economics, 45 (1). pp. 73-89.

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Abstract

This study examines the effect of road and railway noise on property prices. It uses the hedonic
regression technique on a Swedish data set that contains information about both road and railway noise
for each property, and finds that road noise has a larger negative impact on the property prices than
railway noise. This is in line with the evidence from the acoustical literature which has shown that
individuals are more disturbed by road than railway noise, but contradicts recent results from a hedonic
study on data of the United Kingdom.