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Abstract

A meta-analysis of the existing contingent valuation literature on homeowners willingness to pay for wildfire risk mitigation was conducted. Results indicate that the absolute level of risk reduction and whether a proposed program is public or private have significant systematic impact on WTP estimates. There is evidence that time elapsed since the last major destructive fire in the area, and the provision of specific baseline risk information in the survey instrument, both can increase estimates; further research into these affects seems warranted. Findings point to ways in which further CV surveys in this field may be standardized and improved.

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