A Benefit-Cost Analysis of Consumer Protection Through Upholstered Furniture Fire Barriers
38 Pages Posted: 12 Aug 2019
Date Written: May 26, 2019
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: Suggested Citation