ISSUES/LOCATIONS

Documents Home
View PDF, DOC, PPT, and XLS files on line
RSS

Add NWW documents to your site (click here)

Sign up for daily updates

Keep Wind Watch online and independent!

Donate $10

Donate $5

News Watch

Selected Documents

Research Links

Alerts

Press Releases

FAQs

Publications & Products

Photos & Graphics

Videos

Allied Groups

Local Cost for Global Benefit: The Case of Wind Turbines  

Author:  | Germany, Property values

[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 effect that fades to zero at a distance of 8 to 9 km. Old houses and those in rural areas are affected the most, while home prices in urban areas are hardly affected. These results highlight that substantial local externalities are associated with wind power plants.

Manuel Frondel, Gerhard Kussel, Stephan Sommer, and Colin Vance
RWI—Leibniz-Institut für Wirtschaftsforschung (formerly Rheinisch-Westfälisches Institut für Wirtschaftsforschung), Essen, Germany
Ruhr-Universität Bochum (RUB), Department of Economics, Bochum, Germany

Ruhr Economic Papers #791, RWI

Download original document: “Local Cost for Global Benefit: The Case of Wind Turbines

This article is the work of the author(s) indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

Wind Watch relies entirely
on User Funding
Donate $5 PayPal Donate

Share:

Get the Facts Follow Wind Watch on Twitter

Wind Watch on Facebook

Share

CONTACT DONATE PRIVACY ABOUT SEARCH
© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.
Share

 Follow: