RT Journal Article SR Electronic T1 The Vindication of Don Quixote: The Impact of Noise and Visual Pollution from Wind Turbines JF Land Economics JO Land Econ FD University of Wisconsin Press SP 668 OP 682 DO 10.3368/le.90.4.668 VO 90 IS 4 A1 Jensen, Cathrine Ulla A1 Panduro, Toke Emil A1 Lundhede, Thomas Hedemark YR 2014 UL http://le.uwpress.org/content/90/4/668.abstract 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%. (JEL Q18, Q38)