Comparing Tax and Tax Reallocations Payments in Financing Rail Noise Abatement Programs: Results from a CE Valuation Study in Italy

33 Pages Posted: 14 Jul 2006

See all articles by Paulo A. L. D. Nunes

Paulo A. L. D. Nunes

University of Padova - Dipartimento Territorio e Sistemi Agro Forestali (TeSAF)

Chiara Travisi

Fondazione Eni Enrico Mattei (FEEM)

Date Written: June 2006

Abstract

The paper examines the use of choice experiments (CE) to assess the economic value of alternative rail noise reduction interventions on the so-called Brennero railway, Italy. The novelty of this paper is threefold. To our knowledge, this is the first study on the valuation of noise conducted in Italy and it is the first example of CE applied in the field of rail noise valuation. Second, we consider not only the economic value assessment of noise reduction but also how this reduction is achieved, ranging from policy instruments such as barriers or train technology. Third, the paper provides an original contribution in the valuation literature since we test formally the econometric robustness of the CE estimates under three payment vehicles. In fact, we consider (a) a special regional tax, (b) reallocation of financial resource within the provincial budget on the public transport sector, and (c) reallocation of financial resource of the provincial budget from the administration and entertainment sector. Test results are mixed. Welfare analysis and policy implications of valuing rail noise reduction programs using different payment vehicles are discussed.

Keywords: Choice Experiment, Noise Abatement, Tax, Tax Reallocation, Formal Testing, Welfare Analysis

JEL Classification: C0, R41

Suggested Citation

Dias Nunes, Paulo Augusto and Travisi, Chiara, Comparing Tax and Tax Reallocations Payments in Financing Rail Noise Abatement Programs: Results from a CE Valuation Study in Italy (June 2006). FEEM Working Paper No. 95.06, Available at SSRN: https://ssrn.com/abstract=912462 or http://dx.doi.org/10.2139/ssrn.912462

Paulo Augusto Dias Nunes (Contact Author)

University of Padova - Dipartimento Territorio e Sistemi Agro Forestali (TeSAF) ( email )

Legnaro, Padova 35020
Italy

Chiara Travisi

Fondazione Eni Enrico Mattei (FEEM) ( email )

C.so Magenta 63
Milano, 20123
Italy

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