Evaluating noise annoyance cost recovery at Duesseldorf International Airport

摘要

This study estimates airport noise annoyance cost around Dusseldorf, Germany by examining rental apartment market data. Using data on regional apartment offers we estimate rent discounts of 1.04% per additional decibel of airport noise. Other sources of traffic noise induce significantly lower price effects. As a result, airport noise annoyance costs amount to about ∈7.5 million a year. While the noise protection fund recovers annoyance costs, the charging regime of the airport fails to fully internalize them.