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

Bréchet, Thierry; Picard, Pierre

doi:10.1016/j.trd.2011.09.004

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

Bréchet, Thierry

;

Picard, Pierre

(2012) Transportation Research. Part D: Transport & Environment — Vol. 17, n° 2, p. 169-178 (2012)

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Authors

Bréchet, ThierryUCLouvain
Author
Picard, PierreUniversity of Luxembourg
Author

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.

Affiliations

UCLouvainSSH/LouRIM - Louvain Research Institute in Management and Organizations
UCLouvainSSH/LIDAM/CORE - Center for operations research and econometrics
University of LuxembourgCREA

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Bréchet, T., & Picard, P. (2012). The economics of airport noise: How to manage markets for noise licenses. Transportation Research. Part D: Transport & Environment, 17(2), 169-178. https://doi.org/10.1016/j.trd.2011.09.004 (Original work published 2012)