We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
The impact of wind farms on property values: A locally weighted hedonic pricing model.
- Authors
Sunak, Yasin; Madlener, Reinhard
- Abstract
Wind power in Germany has triggered much debate regarding the impacts on landscape and vista. This paper investigates the impact of wind farms on surrounding property values using a hedonic pricing model in a spatial fixed effects and a locally weighted specification. We find that proximity generally causes negative impacts on the surrounding property values. Thereby, local statistics reveal varying spatial patterns across the study area and provide evidence for visibility effects as being a key driver of negative impacts captured by distance measures. The analysis was performed for a study area in Germany.
- Subjects
GERMANY; WIND power plants; WIND power; REAL property; RENEWABLE energy sources; FIXED effects model
- Publication
Papers in Regional Science, 2017, Vol 96, Issue 2, p423
- ISSN
1056-8190
- Publication type
Article
- DOI
10.1111/pirs.12197