【摘要】One consequence of the expanding road network and its associated traffic is increasedlevels of traffic noise. While the hedonic literature has consistently found a negative relationshipbetween real estate prices and noise levels, research in the United States has typically relied oncrude measures of traffic noise. Here, we reduce the measurement error of traffic noise exposurethrough a detailed model of noise propagation over the landscape. We then estimate the hedonicrelationship between noise and single family house prices using over 40,000 transactions throughoutthe St. Paul, Minnesota, urban area from 2005 to 2010. We implement spatially and temporally flexiblelocal regression techniques and find significant nonstationarity in the hedonic function over time andspace.

【文献来源】Swoboda A;Nega T;Timm M.Journal of Regional Science.2015（4）