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

Samuel Fuhlendorf, David Engle, Marcia L. Tilley and Jonathan 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 model of the incentive and welfare effects of prescribed burning 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)
Pages: 17
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea01:20753

DOI: 10.22004/ag.econ.20753

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