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Selection: Shafran:AP [1 article] 

Publications by author Shafran:AP.
 

Risk externalities and the problem of wildfire risk

  
Journal of Urban Economics, Vol. 64, No. 2. (September 2008), pp. 488-495, https://doi.org/10.1016/j.jue.2008.05.001

Abstract

Homeowners living in the wildland–urban interface must decide whether or not to create a defensible space around their house in order to mitigate the risk of a wildfire destroying their home. Risk externalities complicate this decision; the risk that one homeowner faces depends on the risk mitigation decisions of neighboring homeowners. This paper models the problem as a game played between neighbors in a wildland–urban interface. The model explains why sub-optimal investment in defensible space is likely and provides insights into ...

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Integrated Natural Resources Modelling and Management - Meta-information Database. http://mfkp.org/INRMM/author/Shafran:AP

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