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A contingent valuation study of the value of reducing fire hazards to old-growth forests in the Pacific NorthwestAuthor(s): John B. Loomis; Armando González-Cabán; Robin Gregory
Source: Res. Paper PSW-RP-229. Albany, CA: Pacific Southwest Research Station, Forest Service, U.S. Department of Agriculture; 24 p
Publication Series: Research Paper (RP)
Station: Pacific Southwest Research Station
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DescriptionA contingent valuation methodology was applied to old-growth forests and critical habitat units for the Northern Spotted Owl in Oregon to estimate the economic value to the public in knowing that rare and unique ecosystems will be protected from fire for current and future generations. Generalizing to the whole state, the total annual willingness-to-pay of Oregon residents ranges from $49.6 to $99 million. In terms of old-growth forests protected from fire, the value is $28 per acre.
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CitationLoomis, John B.; González-Cabán, Armando; Gregory, Robin 1996. A contingent valuation study of the value of reducing fire hazards to old-growth forests in the Pacific Northwest. Res. Paper PSW-RP-229. Albany, CA: Pacific Southwest Research Station, Forest Service, U.S. Department of Agriculture; 24 p
Keywordscontingent valuation, fire economics, NOAA, nonmarket resources, oldgrowth valuation, willingness-to-pay
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