An econometric model for ex ante prediction of wildfire suppression costs

Journal of Forest Economics

Volumn 18, Issue 1, 2012, Pages 76-89

  Yoder, Jonathan ^a   Gebert, Krista ^b  

^a WASHINGTON STATE UNIVERSITY   (United States)

^b Northern Region   (United States)

Author keywords

Bivariate truncated regression; Wildfire suppression costs

Indexed keywords

FIRE PROTECTION; FIRES; FORECASTING; MAXIMUM LIKELIHOOD;

BIVARIATE; ECONOMETRIC MODEL; EXPLANATORY VARIABLES; FIRE SIZE; FIRE SUPPRESSION; MARGINAL EFFECTS; MODEL PREDICTION; WILDFIRE SUPPRESSION;

COST BENEFIT ANALYSIS;

COST-BENEFIT ANALYSIS; ECONOMETRICS; FOREST MANAGEMENT; MAXIMUM LIKELIHOOD ANALYSIS; MODEL TEST; PREDICTION; REGRESSION ANALYSIS; WILDFIRE;

EID: 84855431255     PISSN: 11046899     EISSN: 16181530     Source Type: Journal    
DOI: 10.1016/j.jfe.2011.10.003     Document Type: Article

References (11)

1. Butry D., Gumpertz M., Genton M. The production of large and small wildfires. The Economics of Forest Disturbances: Wildfires, Storms, and Invasive Species 2008, 79-106. (Chapter 5). T.P. Holmes (Ed.).
2. Gebert K., Calkin D., Yoder J. Estimating suppression expenditures for individual large wildland fires. Western Journal of Applied Forestry 2007, 22(3):188-196.
3. Greene W. Econometric Analysis 2008, Prentice Hall, Upper Saddle River, NJ. sixth edition.
4. Holmes T., Huggett R., Westerling A. Statistical analysis of large wildfires. The Economics of Forest Disturbances: Wildfires, Storms, and Invasive Species 2008, 59-77. (Chapter 4). T.P. Holmes (Ed.).
5. Kennedy P.E. Estimation with correctly interpreted dummy variables in semilogarithmic equations. American Economic Review 1981, 71:801.
6. Lien D.-H.D. Moments of truncated bivariate log-normal distributions. Economics Letters 1985, 19:243-247.
7. Lien D., Balakrishnan N. Moments and properties of multiplicatively constrained bivariate lognormal distribution with applications to futures hedging. Journal of statistical planning and inference 2006, 136:1349-1359.
8. Mostafa M.D., Mahmoud M.W. On the problem of estimation for the bivariate lognormal distribution. Biometrika 1964, 51(3/4):522-527.
9. Strategic Issues Panel on Fire Suppression Costs, 2004. Large fire suppression costs: strategies for cost management. A report to the Wildland Fire Leadership Council. 59 pp.
10. U.S. Department of the Interior (USDI) and U.S. Department of Agriculture, Forest Service, 2011. FireCode System: Release 1.9. (accessed 17.10.11). https://www.firecode.gov/help/User_Guide.pdf.
11. van Garderen K.J., Shah C. Exact interpretation of dummy variables in semilogarithmic equations. Econometrics Journal 2002, 5:149-159.