During the five decades since its origin, law and economics has provided an influential framework for addressing a wide array of areas of law ranging from judicial behaviour to contracts. This book will reflects the first-ever forum for law and economics scholars to apply the analysis and methodologies of their field to the subject of wildfire. The only modern legal work on wildfire, the book brings together leading scholars to consider questions such as: How can public policy address the effects of climate change on wildfire, and wildfire on climate change? Are the environmental and fiscal costs of ex ante prevention measures justified? What are the appropriate levels of prevention and suppression responsibility borne by private, state, and federal actors? Can tort liability provide a solution for realigning the grossly distorted incentives that currently exist for private landowners and government firefighters? Do the existing incentives in wildfire institutions provide incentives for efficient private and collective action and how might they be improved?

Created in the early 20th century to provide scientific management of the nation's forests, the U.S. Forest Service was, for many years, regarded as a model agency in the federal government. The author contends that this reputation is undeserved and the Forest Service's performance today is unacceptable. Not only has scientific management proven impossible in practice, it is also objectionable in principle. Furthermore, the author argues that the Forest Service lacks a coherent vision and prefers to sponsor only fashionable environmental solutions--most recently ecosystem management. Describing its history and failures, the author advocates replacing the service with a decentralized system to manage the protection of national forests.