Are friends electric? Valuing the social costs of power lines using house prices
Overhead electrical power lines and pylons have long raised concerns regarding the effects of electromagnetic fields on health, noise pollution and the visual impact on rural landscapes. These issues are once again salient because of the need for new lines to connect sources of renewable energy to t...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Journal Article |
| Language: | English |
| Published: |
2024
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10356/179370 |
| _version_ | 1811694529033535488 |
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| author | Tang, Cheng Keat Gibbons, Stephen |
| author2 | School of Social Sciences |
| author_facet | School of Social Sciences Tang, Cheng Keat Gibbons, Stephen |
| author_sort | Tang, Cheng Keat |
| collection | NTU |
| description | Overhead electrical power lines and pylons have long raised concerns regarding the effects of electromagnetic fields on health, noise pollution and the visual impact on rural landscapes. These issues are once again salient because of the need for new lines to connect sources of renewable energy to the grid. In this study we provide new evidence on the cost implied by these externalities, as revealed in house prices. We use a spatial difference-in-difference approach that compares price changes in neighborhoods that are close to overhead power-lines, before and after they are constructed, with price changes in comparable neighborhoods further away. Our findings suggest that the construction of new overhead pylons reduces prices by 3.9% for properties up to 1500 m away, suggesting the impacts extend further than previously estimated. |
| first_indexed | 2024-10-01T07:09:01Z |
| format | Journal Article |
| id | ntu-10356/179370 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T07:09:01Z |
| publishDate | 2024 |
| record_format | dspace |
| spelling | ntu-10356/1793702024-07-29T00:59:47Z Are friends electric? Valuing the social costs of power lines using house prices Tang, Cheng Keat Gibbons, Stephen School of Social Sciences Social Sciences Externalities Overhead power lines Overhead electrical power lines and pylons have long raised concerns regarding the effects of electromagnetic fields on health, noise pollution and the visual impact on rural landscapes. These issues are once again salient because of the need for new lines to connect sources of renewable energy to the grid. In this study we provide new evidence on the cost implied by these externalities, as revealed in house prices. We use a spatial difference-in-difference approach that compares price changes in neighborhoods that are close to overhead power-lines, before and after they are constructed, with price changes in comparable neighborhoods further away. Our findings suggest that the construction of new overhead pylons reduces prices by 3.9% for properties up to 1500 m away, suggesting the impacts extend further than previously estimated. 2024-07-29T00:59:47Z 2024-07-29T00:59:47Z 2024 Journal Article Tang, C. K. & Gibbons, S. (2024). Are friends electric? Valuing the social costs of power lines using house prices. Energy Economics, 134, 107554-. https://dx.doi.org/10.1016/j.eneco.2024.107554 0140-9883 https://hdl.handle.net/10356/179370 10.1016/j.eneco.2024.107554 2-s2.0-85191990839 134 107554 en Energy Economics © 2024 Elsevier B.V. All rights reserved. |
| spellingShingle | Social Sciences Externalities Overhead power lines Tang, Cheng Keat Gibbons, Stephen Are friends electric? Valuing the social costs of power lines using house prices |
| title | Are friends electric? Valuing the social costs of power lines using house prices |
| title_full | Are friends electric? Valuing the social costs of power lines using house prices |
| title_fullStr | Are friends electric? Valuing the social costs of power lines using house prices |
| title_full_unstemmed | Are friends electric? Valuing the social costs of power lines using house prices |
| title_short | Are friends electric? Valuing the social costs of power lines using house prices |
| title_sort | are friends electric valuing the social costs of power lines using house prices |
| topic | Social Sciences Externalities Overhead power lines |
| url | https://hdl.handle.net/10356/179370 |
| work_keys_str_mv | AT tangchengkeat arefriendselectricvaluingthesocialcostsofpowerlinesusinghouseprices AT gibbonsstephen arefriendselectricvaluingthesocialcostsofpowerlinesusinghouseprices |