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Nonmarket resource valuation in the postfire environment
Calkin, David; Jones, Greg; Hyde, Kevin. 2008. Nonmarket resource valuation in the postfire environment. Journal of Forestry. 106(6): 305-310.
After the containment of large wildland fires, major onsite and downstream effects including lost soil productivity, watershed response, increased vulnerability to invasive weeds, and downstream sedimentation can cause threats to human life and property. Burned Area Emergency Response (BAER) teams are responsible for developing treatment plans to mitigate negative consequences associated with these postwildfire events. BAER teams are charged with demonstrating that proposed treatments are economically justified. When the resources at risk are market values this poses few challenges; however, when the resources at risk are nonmarket values serious challenges occur including limited supporting scientific research, a lack of economics expertise and training among BAER team members, and tight time frames for conducting assessments resulting in final assessments that may not be defensible. In this study we show a clear and reproducible valuation procedure termed implied minimum value that may be adopted by BAER teams to improve the economic justification of treatments proposed to protect nonmarket resource values.
Keywords: nonmarket valuation, postfire environment, Burned Area Emergency Response (BAER)
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Title: RMRS Other
Publications: Nonmarket resource valuation in the postfire environment
Electronic Publish Date: December 17, 2008
Last Update: December 17, 2008
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