Estimating Contingent Values for Protection from Wildland Fire Using a Two-Stage Decision Framework
To evaluate the utility of contingent valuation for assessing such risk reduction value, the value of collective fire protection at the wildland-urban interface was assessed for residents of a Michigan jack pine forest. Seventy-five percent of the 265 residents interviewed chose to participate in a hypothetical market for a 50% reduction in risk and, on average, were willing to pay over $57 a year for such risk reduction. Results were consistent with a two-stage decision model: (1) participation in the hypothetical market for risk reduction, and (2) how much the risk reduction is worth. Homeowner risk perception and objectively assessed risk both influenced the probability of market participation. For market participants, willingness to pay was related to property value and household income, suggesting that value at risk and ability to pay weigh heavily in this decision. FOR. SCI. 47(3):349–360.
Keywords: Risk reduction; environmental management; forest; forest management; forest resources; forestry; forestry research; forestry science; natural resource management; natural resources; wildfire; willingness to pay
Document Type: Miscellaneous
Affiliations: Director of Research Paul Schissler Associates, 1101 Harris Avenue, Bellingham, WA, 98225, Phone: (360) 676-4600; Fax: (360) 676-8500 [email protected]
Publication date: 2001-08-01
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Forest Science is a peer-reviewed journal publishing fundamental and applied research that explores all aspects of natural and social sciences as they apply to the function and management of the forested ecosystems of the world. Topics include silviculture, forest management, biometrics, economics, entomology & pathology, fire & fuels management, forest ecology, genetics & tree improvement, geospatial technologies, harvesting & utilization, landscape ecology, operations research, forest policy, physiology, recreation, social sciences, soils & hydrology, and wildlife management.
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