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An Economic Evaluation of Bushfire Prevention and Suppression

Author

Listed:
  • Bennetton, J.
  • Cashin, P.
  • Jones, D.
  • Soligo, J.

Abstract

The Fire Management Program (FMP) of the Victorian Department of Natural Resources and Environment is responsible for the prevention and suppression of fires on public land in the State of Victoria. The value of publicly-provided fire suppression and prevention activities is a function of the potential damage avoided, and is determined by such variables as: the location, timing and likely spread of bushfires; the nature and value of assets potetially damaged by bushfires; and the extent to which alternative providers of fire management activities will reduce the damage caused by unchecked bushfires. This paper reports on an economic evaluation of the net benefits of these fire mangement activities for a representative year.

Suggested Citation

  • Bennetton, J. & Cashin, P. & Jones, D. & Soligo, J., 1997. "An Economic Evaluation of Bushfire Prevention and Suppression," Department of Economics - Working Papers Series 598, The University of Melbourne.
    • Handle: RePEc:mlb:wpaper:598
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    Cited by:

    1. Cashin, Paul & Mohaddes, Kamiar & Raissi, Mehdi, 2017. "Fair weather or foul? The macroeconomic effects of El Niño," Journal of International Economics, Elsevier, vol. 106(C), pages 37-54.
    2. Athukorala, Wasantha & Martin, Wade & Wilson, Clevo & Rajapaksa, Darshana, 2019. "Valuing bushfire risk to homeowners: Hedonic property values study in Queensland, Australia," Economic Analysis and Policy, Elsevier, vol. 63(C), pages 44-56.
    3. Ambrey, Christopher L. & Fleming, Christopher M. & Manning, Matthew, 2016. "The hedonistic cost of the Black Saturday bushfires," 2016 Conference (60th), February 2-5, 2016, Canberra, Australia 235304, Australian Agricultural and Resource Economics Society.
    4. 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, Elsevier, vol. 69(11), pages 2233-2243, September.
    5. Isabel Mendes, 2018. "Social risks of forest fires: a methodological proposal for their monetary evaluation," Working Papers Department of Economics 2018/02, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.

    More about this item

    Keywords

    ENVIRONMENT ; FIRES;

    JEL classification:

    • Q23 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Forestry
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy

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