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Resource Documents by Frondel, Manuel

Frondel, Manuel; et al.
Local Cost for Global Benefit: The Case of Wind Turbines 
[Abstract] Given the rapid expansion of wind power capacities in Germany, this paper estimates the effects of wind turbines on house prices using real estate price data from Germany’s leading online broker. Employing a hedonic price model whose specification is informed by machine learning techniques, our methodological approach provides insights into the sources of heterogeneity in treatment effects. We estimate an average treatment effect (ATE) of up to −7.1% for houses within a one-kilometer radius of a wind turbine, an . . . Complete article »

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