The costs of induced seismicity: A hedonic analysis

Neil E. Metz, Travis Roach and Jordan A. Williams

Economics Letters, 2017, vol. 160, issue C, 86-90

Abstract: New developments in drilling technology and hydraulic fracturing have brought unprecedented change to energy markets domestically and internationally. Unintended effects of this extraction technique have been felt, quite literally, due to induced seismicity from wastewater injection. This research measures the costs of induced seismicity through changes in home prices using a hedonic price analysis within a differences-in-differences framework. We find the revealed cost to be between 3.15%–4.7% of home values, up to a $6660 reduction at the average.

Keywords: Earthquakes; Hydraulic fracturing; Oil and gas extraction (search for similar items in EconPapers)
JEL-codes: H23 Q49 R31 R32 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0165176517303671
Full text for ScienceDirect subscribers only

Related works:
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:eee:ecolet:v:160:y:2017:i:c:p:86-90

DOI: 10.1016/j.econlet.2017.08.032

Access Statistics for this article

Economics Letters is currently edited by Economics Letters Editorial Office

More articles in Economics Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().