Liability, Regulation, and Endogenous Risk: Incidence and Severity of Escaped Prescribed Fires in the United States
AbstractPrescribed fire is a useful but risky method for reducing general wildfire risk and improving wildlife habitat, biodiversity, timber growth, and agricultural forage. In the past the fifteen years, laws is some states have been adopted to support the use of prescribed fire. This article examines the effect of liability law and common regulations on the incidence and severity of escaped prescribed fires in the United States from 1970 to 2002. Regression results show that stringent statutory liability law and regulation tends to reduce the number and severity of escaped prescribed fires on private land, but not on federal land where state liability law does not directly apply.
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Bibliographic InfoPaper provided by School of Economic Sciences, Washington State University in its series Working Papers with number 2005-8.
Length: 37 pages
Date of creation: Feb 2005
Date of revision:
endogenous risk; prescribed fire economics; liability law;
Other versions of this item:
- Jonathan Yoder, 2005. "Liability, Regulation And Endogenous Risk: Incidence And Severity Of Escaped Prescribed Fires In The United States," Law and Economics 0506003, EconWPA.
- K32 - Law and Economics - - Other Substantive Areas of Law - - - Environmental, Health, and Safety Law
- Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
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