THE PRICE OF SILENCE MARKETS FOR NOISE LICENSES AND AIRPORTS
成果类型：
Article
署名作者：
Brechet, Thierry; Picard, Pierre M.
署名单位：
Universite Catholique Louvain; Universite Catholique Louvain
刊物名称：
INTERNATIONAL ECONOMIC REVIEW
ISSN/ISSBN：
0020-6598
DOI：
10.1111/j.1468-2354.2010.00612.x
发表日期：
2010
页码：
1097-1125
关键词：
摘要：
This article presents a market design for the management of noise pollution created by aircraft traffic around airports A local market for noise licenses allows noise generators to compensate noise victims and to meet social acceptability We show that the market allows the market designer to implement the social planner s optimal allocation of flights as long as the latter does not put too high a weight in his/her objective function on firms profits compared to the disutility of noise pollution The fact that local representatives of noise victims may be strategic players does not fundamentally alter this finding Because of the market auctioneer s information constraints noise licenses are likely to distribute windfall gains to residents which alters the urban structure in the long run