On insurance as a tool for securing forest restoration after wildfires. Barreal, J.; Loureiro, M. L.; and Picos, J. Forest Policy and Economics.
On insurance as a tool for securing forest restoration after wildfires [link]Paper  doi  abstract   bibtex   
Quick recovery of the affected areas after a wildfire is important in order to restore the production of the various ecosystem services. We develop a theoretical valuation model that contains a forest insurance policy, in order to protect the landowner against total or partial losses caused by wildfires. Restoration costs of affected areas are explicitly covered. Such model is used to simulate the changes in rotation and profitability of Pinus pinaster Aiton. in Galicia (NW Spain). We find that in the areas where the risk of wildfires is higher, forest owners may profit the most from subscribing such insurance. Overall, we conclude that insurance is an effective policy to increase the net present value (NPV) of forest investments, particularly when restoration costs are covered.
@article{barreal_insurance_????,
	title = {On insurance as a tool for securing forest restoration after wildfires},
	issn = {1389-9341},
	url = {http://www.sciencedirect.com/science/article/pii/S1389934114000197},
	doi = {10.1016/j.forpol.2014.02.001},
	abstract = {Quick recovery of the affected areas after a wildfire is important in order to restore the production of the various ecosystem services. We develop a theoretical valuation model that contains a forest insurance policy, in order to protect the landowner against total or partial losses caused by wildfires. Restoration costs of affected areas are explicitly covered. Such model is used to simulate the changes in rotation and profitability of Pinus pinaster Aiton. in Galicia (NW Spain). We find that in the areas where the risk of wildfires is higher, forest owners may profit the most from subscribing such insurance. Overall, we conclude that insurance is an effective policy to increase the net present value (NPV) of forest investments, particularly when restoration costs are covered.},
	urldate = {2014-03-07},
	journal = {Forest Policy and Economics},
	author = {Barreal, Jesús and Loureiro, Maria L. and Picos, Juan},
	keywords = {Forest insurance, Optimal forest rotation, Restoration, Wildfire risk},
	file = {ScienceDirect Full Text PDF:files/48484/Barreal et al. - On insurance as a tool for securing forest restora.pdf:application/pdf;ScienceDirect Snapshot:files/48490/S1389934114000197.html:text/html}
}
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