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Pricing ecosystem resilience in frequent-fire ponderosa pine forests

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  • Wu, Tong
  • Kim, Yeon-Su

Abstract

Dry forests across the United States have become subject to declining resilience and, consequently, increased vulnerability to catastrophic wildfires. These disturbances cause severe environmental and social damages and may dislodge the forest into a different ecological regime. Forests provide many valuable services, such as the provisioning of timber and the sequestering of carbon that would otherwise contribute to climate change. The high-severity conflagrations that have become regular occurrences in many dry forests impinge the delivery of such benefits, particularly in the event of a regime shift. Sustainable forest management should take these risks into account. This article analyzes the economics of resilience in dry forests with respect to catastrophic fires and ecological thresholds. We illustrate how to price ecosystem resilience for the fire-prone ponderosa pine forests of the western United States. This analysis demonstrates that pricing forest resilience also establishes the economic value of ecological restoration with respect to ecosystem services, thereby operationalizing forest management as an investment in natural capital.

Suggested Citation

  • Wu, Tong & Kim, Yeon-Su, 2013. "Pricing ecosystem resilience in frequent-fire ponderosa pine forests," Forest Policy and Economics, Elsevier, vol. 27(C), pages 8-12.
    • Handle: RePEc:eee:forpol:v:27:y:2013:i:c:p:8-12
    DOI: 10.1016/j.forpol.2012.11.002
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    References listed on IDEAS

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    2. Vasiliy Slavskiy & Daria Litovchenko & Sergey Matveev & Sergey Sheshnitsan & Maxim V. Larionov, 2022. "Assessment of Biological and Environmental Factors Influence on Fire Hazard in Pine Forests: A Case Study in Central Forest-Steppe of the East European Plain," Land, MDPI, vol. 12(1), pages 1-15, December.
    3. Fitch, Ryan A. & Kim, Yeon Su, 2018. "Incorporating Ecosystem Health and Fire Resilience Within the Unified Economic Model of Fire Program Analysis," Ecological Economics, Elsevier, vol. 149(C), pages 98-104.
    4. Drupp, Moritz A. & Baumgärtner, Stefan & Meyer, Moritz & Quaas, Martin F. & von Wehrden, Henrik, 2020. "Between Ostrom and Nordhaus: The research landscape of sustainability economics," Ecological Economics, Elsevier, vol. 172(C).
    5. Thomas Knoke & Carola Paul & Elizabeth Gosling & Isabelle Jarisch & Johannes Mohr & Rupert Seidl, 2023. "Assessing the Economic Resilience of Different Management Systems to Severe Forest Disturbance," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 84(2), pages 343-381, February.
    6. Xiaoying Liang & Hui Jia & Hai Chen & Di Liu & Hang Zhang, 2018. "Landscape Sustainability in the Loess Hilly Gully Region of the Loess Plateau: A Case Study of Mizhi County in Shanxi Province, China," Sustainability, MDPI, vol. 10(9), pages 1-12, September.

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