Date of Degree Completion
Master of Science (MS)
Cultural and Environmental Resource Management
Second Committee Member
Third Committee Member
Earthquakes are an environmental hazard that pose great risks to communities almost every day. With earthquakes, the main cause of concern is physical destruction of property, however, there are also psychological effects that are researched and discussed much less. In 2001, the Nisqually area of western Washington experienced a substantial earthquake that produced minimal physical damage but caused a significant decrease in real estate prices. Studying single-family homes from 1986-2012, this research utilizes hedonic property models to measure the change in consumer’s subjective risk calculations with reference to real estate purchases after the Nisqually earthquake, measure the relationship between earthquake intensity felt and real estate price, and measure how long price declines persisted after the event.
Espedal, Ryan, "The Impact of Subjective Risk Analysis on Real Estate Prices in the Nisqually Region Following the 2001 Nisqually Earthquake" (2023). All Master's Theses. 1893.
Applied Statistics Commons, Behavioral Economics Commons, Econometrics Commons, Longitudinal Data Analysis and Time Series Commons, Multivariate Analysis Commons, Regional Economics Commons, Spatial Science Commons, Statistical Models Commons