Fraccaroli, C., Górriz-Mifsud, E., Varela, E. & Wunder, S. (2025). Economic incentives for reducing wildfire risk: Taking stock of an emerging field
Abstract. Increased intensity and frequency of extreme wildfires impose significant societal costs worldwide, affecting not only landowners’ properties but also society at large. Private landowner efforts to self-mitigate wildfire risks may become insufficient, as many benefits accrue as positive externalities to society, thus not entering sufficiently into private cost-benefit calculations. Economic incentives may potentially constitute one way to bridge this gap, by strengthening individual, hierarchy, and community rationalities, based on the Cultural Theory.