Citation

Garbacz C. Popul. Res. Policy Rev. 1991; 10(3): 273-287.

Copyright

(Copyright © 1991, Holtzbrinck Springer Nature Publishing Group)

DOI

unavailable

PMID

unavailable

Abstract

Economic models of the fire fatality rate give estimates of smoke detector effectiveness. These estimates are much smaller than those generally accepted. Reasonable interpretation of these estimates, combined with the cost of a smoke detector and the risk of a fire death, places the smoke detector-based value of life saving in a range of $1.41 to $2.487 million 1986 dollars. The more generally accepted results of other studies of the value of life saving fall in a range of $1.6 to $8.5 million 1986 dollars. Smoke detector market data, along with effectiveness estimates from economic models, may provide a unique opportunity to estimate the value of life saving.

Language: en