The overall goal of my current research is to economically evaluate prescribed fire as a bushfire risk mitigation tool for southeast Queensland. To achieve this, I will: review bushfire and prescribed fire policies property rights and responsibilities; develop a prescribed fire cost model; design prescribed fire scenarios; simulate the effect of prescribed fire on bushfire burn probabilities with Phoenix-SABRE (with the assistance of Queensland Fire and Emergency Services); estimate the value of selected market and non-market resources at risk from bushfire; estimate the fire effects (positive or negative) of bushfire and prescribed fire on the selected resources; estimate the expected value of avoided bushfire losses due to prescribed fire (burn probabilities x fire effects x market and non-market values); and evaluate alternative prescribed fire scenarios by comparing the costs of the programs against their associated benefits in terms of expected avoided resource losses.