Mitigating Wildfire Risk on Private Property with Spatial Dependencies
Michael H. Taylor
What the paper says
This article develops a theoretical model to analyze the impact of policies to promote defensible space — the most prominent wildfire risk mitigation strategy on private property — on the overall level of defensible space in a community when homeowners’ investment decisions are spatially dependent. The model describes how spatial dependencies can arise as a result of three externalities associated with defensible space: risk externalities, visual seclusion externalities, and externalities related to the interdependence of post-fire home values. The results suggest that the impact of policy on the equilibrium level of defensible space in a community will depend on the character of the spatial dependencies between neighboring homeowners’ investments, as well as on the pre-policy equilibrium. The results also emphasize the importance of financial considerations in homeowners’ defensible space investment decision.
5 citations
Evidence weight
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.21 × 0.4 = 0.08 |
| M · momentum | 0.80 × 0.15 = 0.12 |
| V · venue signal | 0.50 × 0.05 = 0.03 |
| R · text relevance † | 0.50 × 0.4 = 0.20 |
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.