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What Is the Price of Catastrophic Wildfire?Author(s): David T. Butry; D. Evan Mercer; Jeffrey P. Prestemon; John M. Pye; Thomas P. Holmes
Source: Journal of Forestry 99(11):9-17
Publication Series: Scientific Journal (JRNL)
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DescriptionWe modeled and analyzed the economic impacts of the six weeks of large, catastrophic wild-fires in northeastern Florida in June and July 1998, among Florida's most devastating in recent history. The result of the unusually strong El Níño-Southern Oscillation (ENSO) in 1998, the Florida wildfires produced economic impacts of at least $600 million, similar in scale to recent category-2 hurricanes. Improved understanding of the interactions between management, wildfire, and its costs may yield large payoffs to society by identifying optimal intervention activities.
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CitationButry, David T.; Mercer, D. Evan; Prestemon, Jeffrey P.; Pye, John M.; Holmes, Thomas P. 2001. What Is the Price of Catastrophic Wildfire?. Journal of Forestry 99(11):9-17
Keywordseconomics, fire management, Florida, policy
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