IDEAS home Printed from https://ideas.repec.org/p/ags/uwauwp/241265.html
   My bibliography  Save this paper

Non-market values in the economic analyses of bushfire mitigation

Author

Listed:
  • Gibson, Fiona
  • Hailu, Atakelty
  • Pannell, David

Abstract

Economic analysis of bushfire mitigation options requires a range of information, such as the risk of bushfire, effectiveness of mitigation in reducing damage as well as cost and benefit estimates. Intangible or non-market benefits are likely to be a significant component of the latter as mitigation activities are designed to protect environmental, social and economic assets and services. Yet it is not clear whether these types of benefits have been given much consideration in economic analyses. In this paper, we review the studies that estimate the value of non-market benefits from bushfire mitigation and investigate to what extent non-market values have been incorporated in economic analysis. We find a small proportion of non-market valuation studies within the bushfire mitigation literature. About half of the studies on bushfire mitigation included non-market values but the values included were predominately environmental. We provide some possible explanations as to why non-market values are not used in economic analyses more widely and make recommendations to improve future use.

Suggested Citation

  • Gibson, Fiona & Hailu, Atakelty & Pannell, David, 2016. "Non-market values in the economic analyses of bushfire mitigation," Working Papers 241265, University of Western Australia, School of Agricultural and Resource Economics.
    • Handle: RePEc:ags:uwauwp:241265
    DOI: 10.22004/ag.econ.241265
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/241265/files/WP1608_Gibson%20Hailu%20Pannell_NMV%20in%20economic%20analyses.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.241265?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. Abbie A. Rogers & Fiona L. Dempster & Jacob I. Hawkins & Robert J. Johnston & Peter C. Boxall & John Rolfe & Marit E. Kragt & Michael P. Burton & David J. Pannell, 2019. "Valuing non-market economic impacts from natural hazards," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 99(2), pages 1131-1161, November.

    More about this item

    Keywords

    Land Economics/Use;

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:ags:uwauwp:241265. 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: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/aruwaau.html .

    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.