The economics of airport noise: How to manage markets for noise licenses

  • Bréchet T
  • Picard P
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Abstract

This paper discusses various issues in the implementation of a local market for aircraft noise licenses to solve the noise externalities harming the residents located near airports. The design of such markets is affected by aircraft heterogeneity, wind contingencies, peak times, runways capacity constraints, hub strategies, and airport planning is discussed. © 2011.

Author-supplied keywords

  • Airport noise
  • Economics of noise
  • Noise licensing

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