%0 Journal Article %A Cathrine Ulla Jensen %A Toke Emil Panduro %A Thomas Hedemark Lundhede %T The Vindication of Don Quixote: The Impact of Noise and Visual Pollution from Wind Turbines %D 2014 %R 10.3368/le.90.4.668 %J Land Economics %P 668-682 %V 90 %N 4 %X 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%. (JEL Q18, Q38) %U https://le.uwpress.org/content/wple/90/4/668.full.pdf