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The Vindication of Don Quixote: The Impact of Noise and Visual Pollution from Wind Turbines

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  • Cathrine Ulla Jensen
  • Toke Emil Panduro
  • Thomas Hedemark Lundhede

Abstract

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%.

Suggested Citation

  • Cathrine Ulla Jensen & Toke Emil Panduro & Thomas Hedemark Lundhede, 2014. "The Vindication of Don Quixote: The Impact of Noise and Visual Pollution from Wind Turbines," Land Economics, University of Wisconsin Press, vol. 90(4), pages 668-682.
    • Handle: RePEc:uwp:landec:v:90:y:2014:i:4:p:668-682
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    More about this item

    JEL classification:

    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy
    • Q38 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Government Policy (includes OPEC Policy)

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