Not Getting Burned: The Importance of Fire
研究了森林所有者面对火灾风险时，燃料管理活动的水平和时机如何影响最优轮伐期和种植密度，发现燃料管理会改变传统结论。
We extend existing stand-level models of forest landowner behavior in the presence of fire risk to include the level and timing of fuel management activities. These activities reduce losses if a stand ignites. Based on simulations, we find the standard result that fire risk reduces the optimal rotation age does not hold when landowners use fuel management. Instead, the optimal rotation age rises as fire risk increases. The optimal planting density decreases. The level of intermediate fuel treatment, but not its timing, is sensitive to the magnitude of fire risk. Cost-sharing is shown to be an effective instrument for encouraging fuel treatment.