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作者

来源

来源 JOURNAL OF URBAN ECONOMICS,Vol.96,P.121-141

语言

英文

关键字

Renewable energy;Wind turbines;Externalities;House prices;R31;Q42;Q15;L94

作者单位

Amsterdam Business School, Faculty of Economics and Business, University of Amsterdam, Plantage Muidergracht 12, 1018 TV Amsterdam, The Netherlands\n;Department of Spatial Economics, Faculty of Economics and Business Administration, Vrije Universiteit Amsterdam, De Boelelaan 1105, 1081 HV Amsterdam, The Netherlands\n;The Amsterdam School of Real Estate, Jollemanhof 5, 1019 GW Amsterdam, The Netherlands;The Tinbergen Institute, Gustav Mahlerplein 117, 1082 MS;Amsterdam Business School, Faculty of Economics and Business, University of Amsterdam, Plantage Muidergracht 12, 1018 TV Amsterdam, The Netherlands\n;Department of Spatial Economics, Faculty of Economics and Business Administration, Vrije Universiteit Amsterdam, De Boelelaan 1105, 1081 HV Amsterdam, The Netherlands\n;The Amsterdam School of Real Estate, Jollemanhof 5, 1019 GW Amsterdam, The Netherlands;The Tinbergen Institute, Gustav Mahlerplein 117, 1082 MS

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.