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Testing transferability of willingness to pay for forest fire prevention among three states of California, Florida and MontanaAuthor(s): John B. Loomis; Hung Trong Le; Armando Gonzalez-Caban
Source: Journal of Forest Economics, Vol. 11: 125-140
Publication Series: Miscellaneous Publication
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DescriptionThe equivalency of willingness to pay between the states of California, Florida and Montana is tested. Residents in California, Florida and Montana have an average willingness to pay of $417, $305, and $382 for prescribed burning program, and $403, $230, and $208 for mechanical fire fuel reduction program, respectively. Due to wide confidence intervals, household WTP in the three states are not statistically different. Over all tests, there is mixed evidence on transferability, but California and Montana WTP are similar to each other for prescribed burning and Florida and Montana have similar values for the mechanical fuel reduction.
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CitationLoomis, John B.; Le, Hung Trong; Gonzalez-Caban, Armando. 2005. Testing transferability of willingness to pay for forest fire prevention among three states of California, Florida and Montana. Journal of Forest Economics, Vol. 11: 125-140
Keywordsbenefits transfer, contingent valuation, mechanical fuel reduction, prescribed burning
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