The Microeconomic Analysis of the External Costs of Road Accidents
AbstractA disaggregated model of the marginal external costs of road accidents imposed by different road users is developed. The model explicitly specifies the adjustment of road users to increases in accident risks imposed by additional road use and is used to estimate the marginal external costs of road accidents. The results, under certain assumptions, are up to 50 percent less than those obtained using the methods of previous studies. However, the adjustment to the increased risks of accidents leads to other costs, such as congestion and reduced pedestrian mobility. These costs should be included in a comprehensive analysis. Copyright 1998 by The London School of Economics and Political Science
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Bibliographic InfoArticle provided by London School of Economics and Political Science in its journal Economica.
Volume (Year): 65 (1998)
Issue (Month): 259 (August)
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Other versions of this item:
- John Peirson & Ian Skinner & Roger Vickerman, 1996. "The Microeconomic Analysis of the External Costs of Road Accidents," Studies in Economics 9606, Department of Economics, University of Kent.
- D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
- D62 - Microeconomics - - Welfare Economics - - - Externalities
- D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
- J29 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Other
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