What Is the Price of Catastrophic Wildfire?

Abstract

We 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.

  • Citation: Butry, 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

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