You are here: Home
/ Publication Information
Title: Evaluating alternative prescribed burning policies to reduce net economic damages from wildfire
Author: Mercer, D. Evan; Prestemon, Jeffrey P.; Butry, David T.; Pye, John M.;
Source: Amer. J. Agr. Econ., Vol. 89(1): 63-77
Publication Series: Miscellaneous Publication
Description: We estimate a wildfire risk model with a new measure of wildfire output, intensity-weighted risk and use it in Monte Carlo simulations to estimate welfare changes from alternative prescribed burning policies. Using Volusia County, Florida as a case study, an annual prescribed burning rate of 13% of all forest lands maximizes net welfare; ignoring the effects on wildfire intensity may underestimate optimal rates of prescribed burning. Our estimated supply function for prescribed fire services is inelastic, suggesting that increasing contract prescribed fire services on public lands may produce rapidly escalating costs for private landowners and unintended distributional and “leakage” effects.
Keywords: policy, prescribed fire, stochastic dominance, wildfire
- We recommend that you also print this page and attach it to the printout of the article, to retain the full citation information.
- This article was written and prepared by U.S. Government employees on official time, and is therefore in the public domain.
- You may send email to email@example.com to request a hard copy of this publication. (Please specify exactly
which publication you are requesting and your mailing address.)
XML: View XML
Mercer, D. Evan; Prestemon, Jeffrey P.; Butry, David T.; Pye, John M. 2007. Evaluating alternative prescribed burning policies to reduce net economic damages from wildfire. Amer. J. Agr. Econ., Vol. 89(1): 63-77
Get the latest version of the Adobe Acrobat reader or Acrobat Reader for Windows with Search and Accessibility