Renewable energy and negative externalities: The effect of wind turbines on house prices

被引：87

作者：

Droes, Martijn I. ^{[1
,2
,3
,4
]}

Koster, Hans R. A. ^{[2
,4
]}

机构：

[1] Univ Amsterdam, Fac Econ & Business, Amsterdam Business Sch, Plantage Muidergracht 12, NL-1018 TV Amsterdam, Netherlands

[2] Vrije Univ Amsterdam, Fac Econ & Business Adm, Dept Spatial Econ, De Boelelaan 1105, NL-1081 HV Amsterdam, Netherlands

[3] Amsterdam Sch Real Estate, Jollemanhof 5, NL-1019 GW Amsterdam, Netherlands

[4] Tinbergen Inst, Gustav Mahlerplein 117, NL-1082 MS Amsterdam, Netherlands

来源：

JOURNAL OF URBAN ECONOMICS | 2016年 / 96卷

关键词：

Renewable energy; Wind turbines; Externalities; House prices; DIFFERENCE-IN-DIFFERENCES; PROPERTY-VALUES; MARKET; FARMS;

D O I：

10.1016/j.jue.2016.09.001

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In many countries, wind turbines are constructed as part of a strategy to reduce dependence on fossil fuels. In this paper, we measure the external effect of wind turbines on the transaction prices of nearby houses. A unique Dutch house price dataset covering the period 1985-2011 is used, as well as the exact location of all wind turbines that were built in the Netherlands. Using a difference-in-differences methodology we find a 1.4% price decrease for houses within 2 km of a turbine. There is also evidence for anticipation effects a few years before placement of a turbine. The effect is larger for taller turbines and in urban areas. Especially the first turbine built close to a house has a negative effect on its price. (C) 2016 Elsevier Inc. All rights reserved.

引用

页码：121 / 141

页数：21

共 36 条

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