A Benefit-Cost Analysis of Consumer Protection Through Upholstered Furniture Fire Barriers

38 Pages Posted: 12 Aug 2019

See all articles by Robert W. Wassmer

Robert W. Wassmer

California State University, Sacramento - Department of Public Policy & Administration

Nathan Fesler

California State University, Sacramento - Department of Public Policy & Administration

Date Written: May 26, 2019

Abstract

This paper describes a benefit-cost analysis that finds the net present value of the cost of a cloth fire-barrier standard for upholstered furniture sold in California is greater than the benefits of reduced fire related deaths, injuries, and property damage. It also offers the history of why California has considered such a barrier, the difficulties in getting the data needed to account for the benefits from the fire barrier, and the solution of offering an alterable sensitivity analysis that rule out a different conclusion when using a range of realistic variable values.

Keywords: benefit-cost analysis, furniture, fire protection

JEL Classification: I18, H31, H32

Suggested Citation

Wassmer, Robert William and Fesler, Nathan, A Benefit-Cost Analysis of Consumer Protection Through Upholstered Furniture Fire Barriers (May 26, 2019). Available at SSRN: https://ssrn.com/abstract=3434017 or http://dx.doi.org/10.2139/ssrn.3434017

Robert William Wassmer (Contact Author)

California State University, Sacramento - Department of Public Policy & Administration ( email )

Sacramento, CA 95819-6081
United States
916-278-6304 (Phone)
916-278-6544 (Fax)

Nathan Fesler

California State University, Sacramento - Department of Public Policy & Administration ( email )

Sacramento, CA 95819-6081
United States

Register to save articles to
your library

Register

Paper statistics

Downloads
8
Abstract Views
91
PlumX Metrics