Abstract
The siting of wind facilities is extremely controversial. This paper uses data on 11,331 property transactions over nine years in northern New York State to explore the effects of new wind facilities on property values. We use a fixed-effects framework to control for omitted variables and endogeneity biases. We find that nearby wind facilities significantly reduce property values in two of the three counties studied. These results indicate that existing compensation to local homeowners/communities may not be sufficient to prevent a loss of property values. (JEL Q51, Q53)
This article requires a subscription to view the full text. If you have a subscription you may use the login form below to view the article. Access to this article can also be purchased.
Log in using your username and password
Purchase access
In this issue
Jump to section
Related Articles
Cited By...
- Evaluating the External Effect of Wind Power Development on Grassland Quality
- The Disamenity Impact of Solar Farms: A Hedonic Analysis
- Data-Driven Estimation of Treatment Buffers in Hedonic Analysis: An Examination of Surface Coal Mines
- Data-Driven Estimation of Treatment Buffers in Hedonic Analysis: An Examination of Surface Coal Mines
- The Aftermath of Flood Zone Remapping: The Asymmetric Impact of Flood Maps on Housing Prices
- Property Value Impacts of Wind Turbines and the Influence of Attitudes toward Wind Energy
- The Effect of Natural Space on Nearby Property Prices: Accounting for Perceived Attractiveness
- The Cost of Convenience: Estimating the Impact of Communication Antennas on Residential Property Values
- An Alternative to the Standard Spatial Econometric Approaches in Hedonic House Price Models