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    Author(s): John B. Loomis; Hung Trong Le; Armando Gonzalez-Caban
    Date: 2005
    Source: Journal of Forest Economics, Vol. 11: 125-140
    Publication Series: Miscellaneous Publication
    PDF: View PDF  (970 KB)

    Description

    The 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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    Citation

    Loomis, 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

    Keywords

    benefits transfer, contingent valuation, mechanical fuel reduction, prescribed burning

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