Affordable Access

Publisher Website

Risk externalities and the problem of wildfire risk

Authors
Journal
Journal of Urban Economics
0094-1190
Publisher
Elsevier
Publication Date
Volume
64
Issue
2
Identifiers
DOI: 10.1016/j.jue.2008.05.001
Keywords
  • Wildland–Urban Interface
  • Wildfire
  • Externalities
  • Risk Mitigation
  • Spatial Interactions
Disciplines
  • Design

Abstract

Abstract Homeowners living in the wildland–urban interface must decide whether or not to create a defensible space around their house in order to mitigate the risk of a wildfire destroying their home. Risk externalities complicate this decision; the risk that one homeowner faces depends on the risk mitigation decisions of neighboring homeowners. This paper models the problem as a game played between neighbors in a wildland–urban interface. The model explains why sub-optimal investment in defensible space is likely and provides insights into the likely effectiveness of programs designed to encourage households to increase their defensible space. Data from Boulder County, Colorado confirm that a household's defensible space decision depends on the defensible space outcomes at neighboring sites.

There are no comments yet on this publication. Be the first to share your thoughts.