The social costs of homeowner decisions in fire-prone communities: Information, insurance, and amenities
In this article, we consider wildfire risk management decisions using a dynamic stochastic model of homeowner interaction in a setting where spatial externalities arise. Our central objective is to apply observations from the social science literature about homeowner preferences to this economic ext...
Ausführliche Beschreibung
Gespeichert in:
| Autor*in: |
Busby, Gwenlyn [verfasserIn] |
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| Format: |
E-Artikel |
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| Sprache: |
Englisch |
| Erschienen: |
2013transfer abstract |
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| Umfang: |
10 |
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| Übergeordnetes Werk: |
Enthalten in: The impact of electrified transport on local grid infrastructure: A comparison between electric cars and light rail - 2012transfer abstract, Amsterdam [u.a.] |
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| Übergeordnetes Werk: |
volume:92 ; year:2013 ; pages:104-113 ; extent:10 |
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| DOI / URN: |
10.1016/j.ecolecon.2013.02.019 |
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| 520 | |a In this article, we consider wildfire risk management decisions using a dynamic stochastic model of homeowner interaction in a setting where spatial externalities arise. Our central objective is to apply observations from the social science literature about homeowner preferences to this economic externality problem and determine how assumptions about insurance, information and starting fuel loads affect outcomes and the effectiveness of policy. Three new features of our approach are, first, to assess fuel treatment behavior under potential misinformation scenarios, second, to allow for heterogeneous starting fuel loads across ownerships, and, finally, to evaluate the effectiveness of insurance and direct regulation at improving outcomes. Among other results, we find that risk-adjusted insurance may not create incentives for fuel treatment when government suppression exists, and in games with heterogeneous starting fuel loads, the social costs from misinformation can persist over a greater range of fire probability and damage function parameter values. These results suggest that, even as information about wildfire improves, the social costs inherent in private decisions will be more persistent than previously thought on landscapes where fuel stock differs across ownerships. | ||
| 520 | |a In this article, we consider wildfire risk management decisions using a dynamic stochastic model of homeowner interaction in a setting where spatial externalities arise. Our central objective is to apply observations from the social science literature about homeowner preferences to this economic externality problem and determine how assumptions about insurance, information and starting fuel loads affect outcomes and the effectiveness of policy. Three new features of our approach are, first, to assess fuel treatment behavior under potential misinformation scenarios, second, to allow for heterogeneous starting fuel loads across ownerships, and, finally, to evaluate the effectiveness of insurance and direct regulation at improving outcomes. Among other results, we find that risk-adjusted insurance may not create incentives for fuel treatment when government suppression exists, and in games with heterogeneous starting fuel loads, the social costs from misinformation can persist over a greater range of fire probability and damage function parameter values. These results suggest that, even as information about wildfire improves, the social costs inherent in private decisions will be more persistent than previously thought on landscapes where fuel stock differs across ownerships. | ||
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| 700 | 1 | |a Haight, Robert G. |4 oth | |
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10.1016/j.ecolecon.2013.02.019 doi GBVA2013014000029.pica (DE-627)ELV033278350 (ELSEVIER)S0921-8009(13)00080-3 DE-627 ger DE-627 rakwb eng 330 570 330 DE-600 570 DE-600 620 VZ 610 VZ 77.50 bkl Busby, Gwenlyn verfasserin aut The social costs of homeowner decisions in fire-prone communities: Information, insurance, and amenities 2013transfer abstract 10 nicht spezifiziert zzz rdacontent nicht spezifiziert z rdamedia nicht spezifiziert zu rdacarrier In this article, we consider wildfire risk management decisions using a dynamic stochastic model of homeowner interaction in a setting where spatial externalities arise. Our central objective is to apply observations from the social science literature about homeowner preferences to this economic externality problem and determine how assumptions about insurance, information and starting fuel loads affect outcomes and the effectiveness of policy. Three new features of our approach are, first, to assess fuel treatment behavior under potential misinformation scenarios, second, to allow for heterogeneous starting fuel loads across ownerships, and, finally, to evaluate the effectiveness of insurance and direct regulation at improving outcomes. Among other results, we find that risk-adjusted insurance may not create incentives for fuel treatment when government suppression exists, and in games with heterogeneous starting fuel loads, the social costs from misinformation can persist over a greater range of fire probability and damage function parameter values. These results suggest that, even as information about wildfire improves, the social costs inherent in private decisions will be more persistent than previously thought on landscapes where fuel stock differs across ownerships. In this article, we consider wildfire risk management decisions using a dynamic stochastic model of homeowner interaction in a setting where spatial externalities arise. Our central objective is to apply observations from the social science literature about homeowner preferences to this economic externality problem and determine how assumptions about insurance, information and starting fuel loads affect outcomes and the effectiveness of policy. Three new features of our approach are, first, to assess fuel treatment behavior under potential misinformation scenarios, second, to allow for heterogeneous starting fuel loads across ownerships, and, finally, to evaluate the effectiveness of insurance and direct regulation at improving outcomes. Among other results, we find that risk-adjusted insurance may not create incentives for fuel treatment when government suppression exists, and in games with heterogeneous starting fuel loads, the social costs from misinformation can persist over a greater range of fire probability and damage function parameter values. These results suggest that, even as information about wildfire improves, the social costs inherent in private decisions will be more persistent than previously thought on landscapes where fuel stock differs across ownerships. Amacher, Gregory S. oth Haight, Robert G. oth Enthalten in Elsevier Science The impact of electrified transport on local grid infrastructure: A comparison between electric cars and light rail 2012transfer abstract Amsterdam [u.a.] (DE-627)ELV016225309 volume:92 year:2013 pages:104-113 extent:10 https://doi.org/10.1016/j.ecolecon.2013.02.019 Volltext GBV_USEFLAG_U GBV_ELV SYSFLAG_U SSG-OLC-PHA 77.50 Psychophysiologie VZ AR 92 2013 104-113 10 045F 330 |
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10.1016/j.ecolecon.2013.02.019 doi GBVA2013014000029.pica (DE-627)ELV033278350 (ELSEVIER)S0921-8009(13)00080-3 DE-627 ger DE-627 rakwb eng 330 570 330 DE-600 570 DE-600 620 VZ 610 VZ 77.50 bkl Busby, Gwenlyn verfasserin aut The social costs of homeowner decisions in fire-prone communities: Information, insurance, and amenities 2013transfer abstract 10 nicht spezifiziert zzz rdacontent nicht spezifiziert z rdamedia nicht spezifiziert zu rdacarrier In this article, we consider wildfire risk management decisions using a dynamic stochastic model of homeowner interaction in a setting where spatial externalities arise. Our central objective is to apply observations from the social science literature about homeowner preferences to this economic externality problem and determine how assumptions about insurance, information and starting fuel loads affect outcomes and the effectiveness of policy. Three new features of our approach are, first, to assess fuel treatment behavior under potential misinformation scenarios, second, to allow for heterogeneous starting fuel loads across ownerships, and, finally, to evaluate the effectiveness of insurance and direct regulation at improving outcomes. Among other results, we find that risk-adjusted insurance may not create incentives for fuel treatment when government suppression exists, and in games with heterogeneous starting fuel loads, the social costs from misinformation can persist over a greater range of fire probability and damage function parameter values. These results suggest that, even as information about wildfire improves, the social costs inherent in private decisions will be more persistent than previously thought on landscapes where fuel stock differs across ownerships. In this article, we consider wildfire risk management decisions using a dynamic stochastic model of homeowner interaction in a setting where spatial externalities arise. Our central objective is to apply observations from the social science literature about homeowner preferences to this economic externality problem and determine how assumptions about insurance, information and starting fuel loads affect outcomes and the effectiveness of policy. Three new features of our approach are, first, to assess fuel treatment behavior under potential misinformation scenarios, second, to allow for heterogeneous starting fuel loads across ownerships, and, finally, to evaluate the effectiveness of insurance and direct regulation at improving outcomes. Among other results, we find that risk-adjusted insurance may not create incentives for fuel treatment when government suppression exists, and in games with heterogeneous starting fuel loads, the social costs from misinformation can persist over a greater range of fire probability and damage function parameter values. These results suggest that, even as information about wildfire improves, the social costs inherent in private decisions will be more persistent than previously thought on landscapes where fuel stock differs across ownerships. Amacher, Gregory S. oth Haight, Robert G. oth Enthalten in Elsevier Science The impact of electrified transport on local grid infrastructure: A comparison between electric cars and light rail 2012transfer abstract Amsterdam [u.a.] (DE-627)ELV016225309 volume:92 year:2013 pages:104-113 extent:10 https://doi.org/10.1016/j.ecolecon.2013.02.019 Volltext GBV_USEFLAG_U GBV_ELV SYSFLAG_U SSG-OLC-PHA 77.50 Psychophysiologie VZ AR 92 2013 104-113 10 045F 330 |
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10.1016/j.ecolecon.2013.02.019 doi GBVA2013014000029.pica (DE-627)ELV033278350 (ELSEVIER)S0921-8009(13)00080-3 DE-627 ger DE-627 rakwb eng 330 570 330 DE-600 570 DE-600 620 VZ 610 VZ 77.50 bkl Busby, Gwenlyn verfasserin aut The social costs of homeowner decisions in fire-prone communities: Information, insurance, and amenities 2013transfer abstract 10 nicht spezifiziert zzz rdacontent nicht spezifiziert z rdamedia nicht spezifiziert zu rdacarrier In this article, we consider wildfire risk management decisions using a dynamic stochastic model of homeowner interaction in a setting where spatial externalities arise. Our central objective is to apply observations from the social science literature about homeowner preferences to this economic externality problem and determine how assumptions about insurance, information and starting fuel loads affect outcomes and the effectiveness of policy. Three new features of our approach are, first, to assess fuel treatment behavior under potential misinformation scenarios, second, to allow for heterogeneous starting fuel loads across ownerships, and, finally, to evaluate the effectiveness of insurance and direct regulation at improving outcomes. Among other results, we find that risk-adjusted insurance may not create incentives for fuel treatment when government suppression exists, and in games with heterogeneous starting fuel loads, the social costs from misinformation can persist over a greater range of fire probability and damage function parameter values. These results suggest that, even as information about wildfire improves, the social costs inherent in private decisions will be more persistent than previously thought on landscapes where fuel stock differs across ownerships. In this article, we consider wildfire risk management decisions using a dynamic stochastic model of homeowner interaction in a setting where spatial externalities arise. Our central objective is to apply observations from the social science literature about homeowner preferences to this economic externality problem and determine how assumptions about insurance, information and starting fuel loads affect outcomes and the effectiveness of policy. Three new features of our approach are, first, to assess fuel treatment behavior under potential misinformation scenarios, second, to allow for heterogeneous starting fuel loads across ownerships, and, finally, to evaluate the effectiveness of insurance and direct regulation at improving outcomes. Among other results, we find that risk-adjusted insurance may not create incentives for fuel treatment when government suppression exists, and in games with heterogeneous starting fuel loads, the social costs from misinformation can persist over a greater range of fire probability and damage function parameter values. These results suggest that, even as information about wildfire improves, the social costs inherent in private decisions will be more persistent than previously thought on landscapes where fuel stock differs across ownerships. Amacher, Gregory S. oth Haight, Robert G. oth Enthalten in Elsevier Science The impact of electrified transport on local grid infrastructure: A comparison between electric cars and light rail 2012transfer abstract Amsterdam [u.a.] (DE-627)ELV016225309 volume:92 year:2013 pages:104-113 extent:10 https://doi.org/10.1016/j.ecolecon.2013.02.019 Volltext GBV_USEFLAG_U GBV_ELV SYSFLAG_U SSG-OLC-PHA 77.50 Psychophysiologie VZ AR 92 2013 104-113 10 045F 330 |
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10.1016/j.ecolecon.2013.02.019 doi GBVA2013014000029.pica (DE-627)ELV033278350 (ELSEVIER)S0921-8009(13)00080-3 DE-627 ger DE-627 rakwb eng 330 570 330 DE-600 570 DE-600 620 VZ 610 VZ 77.50 bkl Busby, Gwenlyn verfasserin aut The social costs of homeowner decisions in fire-prone communities: Information, insurance, and amenities 2013transfer abstract 10 nicht spezifiziert zzz rdacontent nicht spezifiziert z rdamedia nicht spezifiziert zu rdacarrier In this article, we consider wildfire risk management decisions using a dynamic stochastic model of homeowner interaction in a setting where spatial externalities arise. Our central objective is to apply observations from the social science literature about homeowner preferences to this economic externality problem and determine how assumptions about insurance, information and starting fuel loads affect outcomes and the effectiveness of policy. Three new features of our approach are, first, to assess fuel treatment behavior under potential misinformation scenarios, second, to allow for heterogeneous starting fuel loads across ownerships, and, finally, to evaluate the effectiveness of insurance and direct regulation at improving outcomes. Among other results, we find that risk-adjusted insurance may not create incentives for fuel treatment when government suppression exists, and in games with heterogeneous starting fuel loads, the social costs from misinformation can persist over a greater range of fire probability and damage function parameter values. These results suggest that, even as information about wildfire improves, the social costs inherent in private decisions will be more persistent than previously thought on landscapes where fuel stock differs across ownerships. In this article, we consider wildfire risk management decisions using a dynamic stochastic model of homeowner interaction in a setting where spatial externalities arise. Our central objective is to apply observations from the social science literature about homeowner preferences to this economic externality problem and determine how assumptions about insurance, information and starting fuel loads affect outcomes and the effectiveness of policy. Three new features of our approach are, first, to assess fuel treatment behavior under potential misinformation scenarios, second, to allow for heterogeneous starting fuel loads across ownerships, and, finally, to evaluate the effectiveness of insurance and direct regulation at improving outcomes. Among other results, we find that risk-adjusted insurance may not create incentives for fuel treatment when government suppression exists, and in games with heterogeneous starting fuel loads, the social costs from misinformation can persist over a greater range of fire probability and damage function parameter values. These results suggest that, even as information about wildfire improves, the social costs inherent in private decisions will be more persistent than previously thought on landscapes where fuel stock differs across ownerships. Amacher, Gregory S. oth Haight, Robert G. oth Enthalten in Elsevier Science The impact of electrified transport on local grid infrastructure: A comparison between electric cars and light rail 2012transfer abstract Amsterdam [u.a.] (DE-627)ELV016225309 volume:92 year:2013 pages:104-113 extent:10 https://doi.org/10.1016/j.ecolecon.2013.02.019 Volltext GBV_USEFLAG_U GBV_ELV SYSFLAG_U SSG-OLC-PHA 77.50 Psychophysiologie VZ AR 92 2013 104-113 10 045F 330 |
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10.1016/j.ecolecon.2013.02.019 doi GBVA2013014000029.pica (DE-627)ELV033278350 (ELSEVIER)S0921-8009(13)00080-3 DE-627 ger DE-627 rakwb eng 330 570 330 DE-600 570 DE-600 620 VZ 610 VZ 77.50 bkl Busby, Gwenlyn verfasserin aut The social costs of homeowner decisions in fire-prone communities: Information, insurance, and amenities 2013transfer abstract 10 nicht spezifiziert zzz rdacontent nicht spezifiziert z rdamedia nicht spezifiziert zu rdacarrier In this article, we consider wildfire risk management decisions using a dynamic stochastic model of homeowner interaction in a setting where spatial externalities arise. Our central objective is to apply observations from the social science literature about homeowner preferences to this economic externality problem and determine how assumptions about insurance, information and starting fuel loads affect outcomes and the effectiveness of policy. Three new features of our approach are, first, to assess fuel treatment behavior under potential misinformation scenarios, second, to allow for heterogeneous starting fuel loads across ownerships, and, finally, to evaluate the effectiveness of insurance and direct regulation at improving outcomes. Among other results, we find that risk-adjusted insurance may not create incentives for fuel treatment when government suppression exists, and in games with heterogeneous starting fuel loads, the social costs from misinformation can persist over a greater range of fire probability and damage function parameter values. These results suggest that, even as information about wildfire improves, the social costs inherent in private decisions will be more persistent than previously thought on landscapes where fuel stock differs across ownerships. In this article, we consider wildfire risk management decisions using a dynamic stochastic model of homeowner interaction in a setting where spatial externalities arise. Our central objective is to apply observations from the social science literature about homeowner preferences to this economic externality problem and determine how assumptions about insurance, information and starting fuel loads affect outcomes and the effectiveness of policy. Three new features of our approach are, first, to assess fuel treatment behavior under potential misinformation scenarios, second, to allow for heterogeneous starting fuel loads across ownerships, and, finally, to evaluate the effectiveness of insurance and direct regulation at improving outcomes. Among other results, we find that risk-adjusted insurance may not create incentives for fuel treatment when government suppression exists, and in games with heterogeneous starting fuel loads, the social costs from misinformation can persist over a greater range of fire probability and damage function parameter values. These results suggest that, even as information about wildfire improves, the social costs inherent in private decisions will be more persistent than previously thought on landscapes where fuel stock differs across ownerships. Amacher, Gregory S. oth Haight, Robert G. oth Enthalten in Elsevier Science The impact of electrified transport on local grid infrastructure: A comparison between electric cars and light rail 2012transfer abstract Amsterdam [u.a.] (DE-627)ELV016225309 volume:92 year:2013 pages:104-113 extent:10 https://doi.org/10.1016/j.ecolecon.2013.02.019 Volltext GBV_USEFLAG_U GBV_ELV SYSFLAG_U SSG-OLC-PHA 77.50 Psychophysiologie VZ AR 92 2013 104-113 10 045F 330 |
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The social costs of homeowner decisions in fire-prone communities: Information, insurance, and amenities |
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Busby, Gwenlyn |
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The impact of electrified transport on local grid infrastructure: A comparison between electric cars and light rail |
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social costs of homeowner decisions in fire-prone communities: information, insurance, and amenities |
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The social costs of homeowner decisions in fire-prone communities: Information, insurance, and amenities |
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In this article, we consider wildfire risk management decisions using a dynamic stochastic model of homeowner interaction in a setting where spatial externalities arise. Our central objective is to apply observations from the social science literature about homeowner preferences to this economic externality problem and determine how assumptions about insurance, information and starting fuel loads affect outcomes and the effectiveness of policy. Three new features of our approach are, first, to assess fuel treatment behavior under potential misinformation scenarios, second, to allow for heterogeneous starting fuel loads across ownerships, and, finally, to evaluate the effectiveness of insurance and direct regulation at improving outcomes. Among other results, we find that risk-adjusted insurance may not create incentives for fuel treatment when government suppression exists, and in games with heterogeneous starting fuel loads, the social costs from misinformation can persist over a greater range of fire probability and damage function parameter values. These results suggest that, even as information about wildfire improves, the social costs inherent in private decisions will be more persistent than previously thought on landscapes where fuel stock differs across ownerships. |
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In this article, we consider wildfire risk management decisions using a dynamic stochastic model of homeowner interaction in a setting where spatial externalities arise. Our central objective is to apply observations from the social science literature about homeowner preferences to this economic externality problem and determine how assumptions about insurance, information and starting fuel loads affect outcomes and the effectiveness of policy. Three new features of our approach are, first, to assess fuel treatment behavior under potential misinformation scenarios, second, to allow for heterogeneous starting fuel loads across ownerships, and, finally, to evaluate the effectiveness of insurance and direct regulation at improving outcomes. Among other results, we find that risk-adjusted insurance may not create incentives for fuel treatment when government suppression exists, and in games with heterogeneous starting fuel loads, the social costs from misinformation can persist over a greater range of fire probability and damage function parameter values. These results suggest that, even as information about wildfire improves, the social costs inherent in private decisions will be more persistent than previously thought on landscapes where fuel stock differs across ownerships. |
| abstract_unstemmed |
In this article, we consider wildfire risk management decisions using a dynamic stochastic model of homeowner interaction in a setting where spatial externalities arise. Our central objective is to apply observations from the social science literature about homeowner preferences to this economic externality problem and determine how assumptions about insurance, information and starting fuel loads affect outcomes and the effectiveness of policy. Three new features of our approach are, first, to assess fuel treatment behavior under potential misinformation scenarios, second, to allow for heterogeneous starting fuel loads across ownerships, and, finally, to evaluate the effectiveness of insurance and direct regulation at improving outcomes. Among other results, we find that risk-adjusted insurance may not create incentives for fuel treatment when government suppression exists, and in games with heterogeneous starting fuel loads, the social costs from misinformation can persist over a greater range of fire probability and damage function parameter values. These results suggest that, even as information about wildfire improves, the social costs inherent in private decisions will be more persistent than previously thought on landscapes where fuel stock differs across ownerships. |
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