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 Cathrine Ulla Jensen
A1 Toke Emil Panduro
A1 Thomas Hedemark Lundhede
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)