Consumer Demand for Vehicle Safety: An Empirical Study
AbstractAlthough numerous studies on the effects of vehicle safety regulation exist, few are devoted to consumer demands for vehicle safety. This study uses an extensive data set combining vehicle specific information with responses from a national household survey of new car buyers to estimate individual demand for safety. It finds, ceteris paribus, purchase probability rises with an increase in safety features. In particular, an index of vehicle crashworthiness is a strong determinant of purchase decisions. The results favor a policy of positing crash test results and suggest that passive restraint systems enhance the likelihood of purchasing a given model. Copyright 1990 by Oxford University Press.
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Bibliographic InfoArticle provided by Western Economic Association International in its journal Economic Inquiry.
Volume (Year): 28 (1990)
Issue (Month): 3 (July)
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- Small, Kenneth A., 1997.
"Economics and Urban Transportation Policy in the United States,"
University of California Transportation Center, Working Papers
qt7mz1326k, University of California Transportation Center.
- Small, Kenneth A., 1997. "Economics and urban transportation policy in the United States," Regional Science and Urban Economics, Elsevier, vol. 27(6), pages 671-691, November.
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