eprintid: 2638
rev_number: 1
eprint_status: archive
userid: 1
dir: disk0/00/00/26/38
datestamp: 2020-04-23 05:41:44
lastmod: 2020-04-23 05:41:44
status_changed: 2020-04-23 05:41:44
type: thesis
metadata_visibility: show
creators_name: Broek, J.D. van den
title: The selling process of houses around the Groningen gas field: A Two-Stage Least Squares (2SLS) regression analysis of the influence of earthquake risk on the time-on-the-market (TOM).
ispublished: pub
full_text_status: public
abstract: This Master’s thesis focuses on the influence of earthquake risk on the time-on-the-market (TOM) of house sales around the Groningen gas field. A Difference-In-Difference (DID) technique and a variable accumulating the Peak Ground Velocity (PGV) at the house location of all previous earthquakes are used to measure earthquake risk. Employing NVM data on housing transactions in the Northern Netherlands from 2003 until 2014, the result of both approaches is a 2SLS model to include the simultaneity between selling price and TOM. The DID model shows that TOM in the risk area is 6.2% higher after the 2012 Huizinge earthquake compared to similar regions, while it used to be 8.7% lower. The PGV model indicates that an increase of 10% in PGV causes a rise of 0.5% in TOM. Earthquakes start to have an impact after a PGV of 0.7 m/s. This thesis shows that earthquake risk increases TOM.
date: 2018
date_type: published
thesis_type: master
degree_programme: RS
tutors_name: Kam, G.R.W. de
tutors_name: Elhorst, J.P.
keywords_local: Time-on-the-market
keywords_local: Selling process
keywords_local: Groningen gas field
keywords_local: Earthquakes
keywords_local: Two-Stage Least Squares regression
language_iso: en
titleorder: Selling process of houses around the Groningen gas field: A Two-Stage Least Squares (2SLS) regression analysis of the influence of earthquake risk on the time-on-the-market (TOM).
dbi: 5b2a03339865c
imported_item: yes
date_of_import: 2020-04-22
imported_from: http://scripties.frw.eldoc.ub.rug.nl/root/ma/RS/2018/jdvandenbroek/
import_source_file: theses-frw-20200422132455-5b2a03339865c.xml
date_issued: 2018-01-01
citation:   Broek, J.D. van den  (2018) The selling process of houses around the Groningen gas field: A Two-Stage Least Squares (2SLS) regression analysis of the influence of earthquake risk on the time-on-the-market (TOM).  Master thesis.   
document_url: https://frw.studenttheses.ub.rug.nl/2638/1/2018-5-12_EindVersie_MasterThe_1.pdf