Breidenbach, Philipp; Cohen, Jeffrey; Schaffner, Sandra - In: Real Estate Economics 50 (2022) 6, pp. 1548-1575
aircraft noise (due to arriving/departing flight paths) and airport proximity (accessibility). The results suggest there is a … negative effect of aircraft noise on rental prices of 2%–5%, while there are positive proximity effects from Berlin‐Tegel of 1 … joint model of noise and proximity, we observe the proximity benefits and the noise externalities essentially cancel each …