PRIOR REGULATION AND POST LIABILITY AS COMPLEMENTS: AN APPLICATION TO PRESCRIBED BURNING LAW IN THE UNITED STATES

Samuel Fuhlendorf, David Engle, Marcia Tilley and Jonathan Keith Yoder ()

No 20753, 2001 Annual meeting, August 5-8, Chicago, IL from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Prescribed burning is increasingly being recognized as a useful land management and conservation tool, but with it comes the risk of fire and smoke damage to the property of others. All but two states have codified laws specifying criminal penalties or liability rules for prescribed burning, but the laws in a number of states have changed in recent years or are under review. We develop an economic odel of the incentive and welfare effects of prescribed urning and the use of prior regulation and post liability as instruments to address potential external damage from the use of prescribed fire.

Keywords: Resource /Energy Economics and Policy (search for similar items in EconPapers)
Date: 2001

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