An exploration of the offset hypothesis using disaggregate data: The case of airbags and antilock brakes
AbstractThe offset hypothesis predicts consumers adapt to innovations that improve safety by becoming less vigilant about safety. Previous tests have used aggregate data that may confound the effect of a safety policy with those consumers who are most affected by it. We test the hypothesis using disaggregate data to analyze the effects of airbags and antilock brakes on automobile safety. We find that safety-conscious drivers are more likely than other drivers to acquire airbags and antilock brakes but these safety devices do not have a significant effect on collisions or injuries, suggesting drivers trade off enhanced safety for speedier trips. Copyright Springer Science + Business Media, LLC 2006
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Bibliographic InfoArticle provided by Springer in its journal Journal of Risk and Uncertainty.
Volume (Year): 32 (2006)
Issue (Month): 2 (March)
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Web page: http://www.springerlink.com/link.asp?id=100299
Offsetting behavior; Automobile safety; Airbags;
Other versions of this item:
- Maheshri, Vikram & Mannering, Fred & Winston, Clifford, 2006. "An Exploration of the Offset Hypothesis Using Disaggregate Data:The Case of Airbags and Antilock Brakes," Working paper 155, Regulation2point0.
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