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Defensive driving and the external costs of accidents and travel delays

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  • Steimetz, Seiji S.C.
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    Abstract

    A unified model of accident and travel-delay costs describes the role that defensive driving effort plays in balancing these costs, and the costs of effort itself. This motivates a simple method for jointly estimating risk, effort, and travel-delay externalities, which exploits ordinary travel-demand modeling to directly value the congestion that generates these costs. A unique empirical setting also allows for decomposing the joint externality into its travel-delay and accident-related components, with results suggesting that together risk and effort externalities are nearly on par with travel-delay externalities. It is also demonstrated that traditional value-of-time estimates substantially reflect risk and effort costs.

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    Bibliographic Info

    Article provided by Elsevier in its journal Transportation Research Part B: Methodological.

    Volume (Year): 42 (2008)
    Issue (Month): 9 (November)
    Pages: 703-724

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    Handle: RePEc:eee:transb:v:42:y:2008:i:9:p:703-724

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    Cited by:
    1. Hensher, David A., 2010. "Hypothetical bias, choice experiments and willingness to pay," Transportation Research Part B: Methodological, Elsevier, vol. 44(6), pages 735-752, July.
    2. Santos, Luís & Coutinho-Rodrigues, João & Current, John R., 2010. "An improved ant colony optimization based algorithm for the capacitated arc routing problem," Transportation Research Part B: Methodological, Elsevier, vol. 44(2), pages 246-266, February.

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