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The vindication of Don Quixote: the impact of noise and visual pollution from wind turbines

Publikation: Bidrag til tidsskriftTidsskriftartikelForskningfagfællebedømt

In this article we quantify the marginal external effects of nearby land-based wind turbines on property prices. We succeed in separating the effect of noise and visual pollution from wind turbines. This is achieved by using a dataset consisting of 12,640 traded residential properties located within 2,500 meters of a turbine sold in the period 2000–2011. Our results show that wind turbines have a significant negative impact on the price schedule of neighboring residential properties. Visual pollution reduces the residential sales price by up to about 3%, while noise pollution reduces the price between 3% and 7%.
OriginalsprogEngelsk
TidsskriftLand Economics
Vol/bind90
Udgave nummer4
Sider (fra-til)668-682
Antal sider15
ISSN0023-7639
DOI
StatusUdgivet - 2014

ID: 126016475