Does the construction of biogas plants affect local property values?

Marco Modica

No 1216, SEEDS Working Papers from SEEDS, Sustainability Environmental Economics and Dynamics Studies

Abstract: Despite biogas is considered a renewable source of energy, the social acceptability of biogas plants is controversial due to resistance from local communities who are afraid of potential local negative externalities. This paper aim at investigating this claim using evidence from the housing market by means of a diff-in-diff model. Indeed, if households evaluate the presence of biogas plant such as a disamenity, this should be incorporated in the housing values. To this purpose I use data on the housing market of Piedmont provinces where 167 biogas plants have been opened between 2006 and 2015. Results show no significant impact of the opening of a biogas plant on the housing values.

Pages: 21 pages
Date: 2016-11, Revised 2016-11
New Economics Papers: this item is included in nep-ene and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sustainability-seeds.org/papers/RePec/srt/wpaper/1216.pdf First version, 2016 (application/pdf)
http://www.sustainability-seeds.org/papers/RePec/srt/wpaper/1216.pdf Revised version, 2016 (application/pdf)

Related works:
Journal Article: Does the construction of biogas plants affect local property values? (2017)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:srt:wpaper:1216

Access Statistics for this paper

More papers in SEEDS Working Papers from SEEDS, Sustainability Environmental Economics and Dynamics Studies
Bibliographic data for series maintained by Alessandro Palma ().