David Pannell is Professor, Head of School of Agricultural and Resource Economics, University of Western Australia; Director, Centre for Environmental Economics and Policy; ARC Federation Fellow (2007-12); Distinguished Fellow and past president of the Australian Agricultural and Resource Economics Society; and Fellow of the Academy of Social Sciences in Australia. His research includes the economics of land and water conservation; environmental policy; farmer adoption of conservation practices; risk; and economics of farming systems. He is author of 200 journal articles and book chapters, with awards for research in the USA, Australia, Canada and the UK, including the 2009 Eureka Prize for Interdisciplinary Research.
The project tackles a range of economics issues, including estimation of non-financial benefits from hazard reduction, risk analysis, and development of decision making frameworks that would help deliver value for money from public investments in natural hazard management.
How can we get the best value for money from public investments in natural hazard management? This project integrates technical, biophysical, socioeconomic and policy information to address key decision problems relating to natural hazard prevention and mitigation.
Natural disasters impact many things that people value: life, health, belongings, poprerty, essential services and the environment. Quantifying the cost of a natural disaster or the benefit from mitigation often excludes some of these things, because their values are not easily measureable.
This thesis explores the application of economic analysis to wildfire management and aims to evaluate trade-offs between prescribed burning, wildfire suppression and wildfire damages.
Natural Hazards impact many things that people value: life, health, amenity, safety, recreation and the environment. Quanfiying the impact of natural hazards on these intagible things is not easy. But if we do not include them, we are missing a big part of the picture.