The vindication of Don Quixote: the impact of noise and visual pollution from wind turbines
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The vindication of Don Quixote : the impact of noise and visual pollution from wind turbines . / Jensen, Cathrine Ulla; Panduro, Toke Emil; Lundhede, Thomas.
In: Land Economics, Vol. 90, No. 4, 2014, p. 668-682.Research output: Contribution to journal › Journal article › Research › peer-review
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TY - JOUR
T1 - The vindication of Don Quixote
T2 - the impact of noise and visual pollution from wind turbines
AU - Jensen, Cathrine Ulla
AU - Panduro, Toke Emil
AU - Lundhede, Thomas
PY - 2014
Y1 - 2014
N2 - 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%.
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%.
U2 - 10.1353/lde.2014.0038
DO - 10.1353/lde.2014.0038
M3 - Journal article
VL - 90
SP - 668
EP - 682
JO - Land Economics
JF - Land Economics
SN - 0023-7639
IS - 4
ER -
ID: 126016475