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

TY - JOUR

T1 - The vindication of Don Quixote

T2 - the impact of noise and visual pollution from wind turbines

AU - Jensen, Cathrine Ulla

AU - Panduro, Toke Emil

AU - Lundhede, Thomas

PY - 2014

Y1 - 2014

N2 - 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%.

AB - 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%.

U2 - 10.1353/lde.2014.0038

DO - 10.1353/lde.2014.0038

M3 - Journal article

SN - 0023-7639

VL - 90

SP - 668

EP - 682

JO - Land Economics

JF - Land Economics

IS - 4

ER -