IDEAS home Printed from https://ideas.repec.org/a/bla/ecaffa/v25y2005i3p39-44.html
   My bibliography  Save this article

The Economics Of Fire Protection: From The Great Fire Of London To Rural/Metro

Author

Listed:
  • Jennifer Anne Carlson

Abstract

This article examines the history of fire protection in London from the Great Fire of 1666 to the present and argues that many of the popular perceptions of market failure in the provision of fire protection that are repeated in standard economics textbooks are in fact myths. In reality, fire protection began in the private sector and only transferred to the public sector when insurance companies faced the prospect of collecting escalating premiums from their clients. To this day, voluntary and private provision in parts of the USA is a model of how fire protection can be provided more cheaply and more effectively outside the public sector.

Suggested Citation

  • Jennifer Anne Carlson, 2005. "The Economics Of Fire Protection: From The Great Fire Of London To Rural/Metro," Economic Affairs, Wiley Blackwell, vol. 25(3), pages 39-44, September.
    • Handle: RePEc:bla:ecaffa:v:25:y:2005:i:3:p:39-44
    DOI: 10.1111/j.1468-0270.2005.00570.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1468-0270.2005.00570.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1468-0270.2005.00570.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Brasington, David M. & Parent, Olivier, 2024. "Fire protection services and house prices: A regression discontinuity investigation," Regional Science and Urban Economics, Elsevier, vol. 105(C).
    2. Dowlatabadi, Hadi & Cook, Christina, 2007. "Climate Risk Management and Institutional Learning," RFF Working Paper Series dp-07-19, Resources for the Future.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ecaffa:v:25:y:2005:i:3:p:39-44. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0265-0665 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.