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Road Accidents and Traffic Flows: An Econometric Investigation

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Author Info
Dickerson, Andrew
Peirson, John
Vickerman, Roger

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Abstract

This paper develops an empirical model of the relationship between road traffic accidents and traffic flows. The analysis focuses on the accident externality, which is determined mainly by the difference between the marginal and average risks. The model is estimated using a new data-set which combines hourly London traffic count data from automated vehicle recorders together with police records of road accidents. The accident-flow relationship is seen to vary considerably between different road classes and geographical areas. More importantly, even having controlled for these and other differences, the accident externality is shown to vary significantly with traffic flows. In particular, while the accident externality is typically close to zero for low to moderate traffic flows, it increases substantially at high traffic flows. Copyright 2000 by The London School of Economics and Political Science

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Publisher Info
Article provided by London School of Economics and Political Science in its journal Economica.

Volume (Year): 67 (2000)
Issue (Month): 265 (February)
Pages: 101-21
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Handle: RePEc:bla:econom:v:67:y:2000:i:265:p:101-21

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Newbery, David M G, 1987. "Road User Charges in Britain," CEPR Discussion Papers 174, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  2. Jones-Lee, M W, 1990. "The Value of Transport Safety," Oxford Review of Economic Policy, Oxford University Press, vol. 6(2), pages 39-60, Summer.
  3. Peirson, John & Skinner, Ian & Vickerman, Roger, 1998. "The Microeconomic Analysis of the External Costs of Road Accidents," Economica, London School of Economics and Political Science, vol. 65(259), pages 429-40, August. [Downloadable!] (restricted)
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  4. Vitaliano, Donald F & Held, James, 1991. "Road Accident External Effects: An Empirical Assessment," Applied Economics, Taylor and Francis Journals, vol. 23(2), pages 373-78, February.
  5. Vickrey, William S, 1969. "Congestion Theory and Transport Investment," American Economic Review, American Economic Association, vol. 59(2), pages 251-60, May. [Downloadable!] (restricted)
  6. Jong-Il Kim & Lawrence J. Lau, 1996. "The sources of Asian Pacific economic growth," Canadian Journal of Economics, Canadian Economics Association, vol. 29(s1), pages 448-54, April. [Downloadable!] (restricted)
  7. Jones-Lee, M W & Hammerton, M & Philips, P R, 1985. "The Value of Safety: Results of a National Sample Survey," Economic Journal, Royal Economic Society, vol. 95(377), pages 49-72, March. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Loureiro Paulo & Adolfo Sachsida & Tito Moreira, 2004. "Traffic accidents: an econometric investigation," Economics Bulletin, Economics Bulletin, vol. 18(3), pages 1-7. [Downloadable!]
  2. Robert B. Noland & Mohammed A. Quddus, 2003. "Congestion and Safety: A Spatial Analysis of London," ERSA conference papers ersa03p66, European Regional Science Association. [Downloadable!]
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  3. Erik T. Verhoef & Jan Rouwendal, 2001. "A Structural Model of Traffic Congestion," Tinbergen Institute Discussion Papers 01-026/3, Tinbergen Institute, revised 17 Oct 2003. [Downloadable!]
  4. Pål Andreas Pedersen, 2001. "A Game Theoretical Approach to Road Safety," Studies in Economics 0105, Department of Economics, University of Kent. [Downloadable!]
  5. Schrage, Andrea, 2006. "Traffic congestion and accidents," Regensburger Diskussionsbeiträge zur Wirtschaftswissenschaft 419, University of Regensburg, Department of Economics. [Downloadable!]
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