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    Author(s): Irene A. Althaus; Thomas J. Mills
    Date: 1982
    Source: USDA Forest Service General Technical Report PSW-057, 9 p.
    Publication Series: General Technical Report (GTR)
    Station: Pacific Southwest Research Station
    PDF: View PDF  (2.5 MB)

    Description

    In analyzing fire management programs for their economic efficiency, it is necessary to assign monetary values to the changes in resource outputs caused by, fire. The derivation of resource values is complicated by imperfect or nonexistent commercial market structures. The valuation concept recommended for fire program analyses is willingness-to-pay because it permits uniform derivation of resource values across all resource categories, and it represents the full economic value of the output to society. The process of measuring fire effects in program evaluations introduces implications unique to the resource valuation process. Sensitivity analysis can help determine the required accuracy of resource value estimates for a particular analysis.

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    • This article was written and prepared by U.S. Government employees on official time, and is therefore in the public domain.

    Citation

    Althaus, Irene A.; Mills, Thomas J. 1982. Resource values in analyzing fire management programs for economic efficiency. Gen. Tech. Rep. PSW-GTR-57. Berkeley, CA: U.S. Department of Agriculture, Forest Service, Pacific Southwest Forest and Range Experiment Station. 9 p.

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    Keywords

    Economic analysis, resource values, fire economics, willingness-to-pay valuation, sensitivity analysis, fire effects, fire management

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