Abstract
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%.
| Original language | English |
|---|---|
| Journal | Land Economics |
| Volume | 90 |
| Issue number | 4 |
| Pages (from-to) | 668-682 |
| Number of pages | 15 |
| ISSN | 0023-7639 |
| DOIs | |
| Publication status | Published - 2014 |