The housing market impacts of wastewater injection induced seismicity risk
Haiyan Liu and
Journal of Environmental Economics and Management, 2018, vol. 92, issue C, 251-269
Using data from a county severely affected by the increased seismicity associated with injection wells since 2009 in Oklahoma, we recover hedonic estimates of property value impacts from nearby shale oil and gas development that vary with earthquake risk exposure. Results suggest that the seismic activity has enhanced the perceived risks associated with wastewater injection but not shale gas production. This risk perception is limited to injection wells within 2 km of the properties.
Keywords: Earthquake; Wastewater injection; Oil and gas production; Housing market; Hedonic pricing; Oklahoma (search for similar items in EconPapers)
JEL-codes: L71 Q35 Q54 R31 (search for similar items in EconPapers)
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Working Paper: The Housing Market Impacts of Wastewater Injection Induced Seismicity Risk (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeeman:v:92:y:2018:i:c:p:251-269
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Journal of Environmental Economics and Management is currently edited by M.A. Cole, A. Lange, D.J. Phaneuf, D. Popp, M.J. Roberts, M.D. Smith, C. Timmins, Q. Weninger and A.J. Yates
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