You are here: Home
/ Publication Information
Title: The effects of wildfire and environmental amenities on property values in northwest Montana, USA
Author: Stetler, Kyle M.; Venn, Tyron J.; Calkin, David E.
Source: Ecological Economics. 69: 2233-2243.
Publication Series: Not categorized
Description: This study employed the hedonic price framework to examine the effects of 256 wildfires and environmental amenities on home values in northwest Montana between June 1996 and January 2007. The study revealed environmental amenities, including proximity to lakes, national forests, Glacier National Park and golf courses, have large positive effects on property values in northwest Montana. However, proximity to and view of wildfire burned areas has had large and persistent negative effects on home values. The analysis supports an argument that homebuyers may correlate proximity to and view of a wildfire burned area with increased wildfire risk. Indeed, when a burned area is not visible from a home, wildfire risk appears to be out of sight and out of mind for homebuyers. Findings from this research can be used to inform debate about efficient allocation of resources to wildfire preparedness, including public education programs, and suppression activities around the wildland-urban interface.
Keywords: hedonic price method, revealed preference, wildland-urban interface, non-market valuation, bushfire
- 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.
XML: View XML
Stetler, Kyle M.; Venn, Tyron J.; Calkin, David E. 2010. The effects of wildfire and environmental amenities on property values in northwest Montana, USA. Ecological Economics. 69: 2233-2243.
Get the latest version of the Adobe Acrobat reader or Acrobat Reader for Windows with Search and Accessibility