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Resource Allocation in Public Policy: The Effects of the 65-MPH Speed Limit

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Author Info
Lave, Charles
Elias, Patrick
Abstract

In 1987, the U.S. government allowed states to raise speed limits to sixty-five miles per hour on some highways. The authors evaluate the consequences using a resource allocation perspective: the chance to drive faster reallocates traffic from side roads to the safer interstate highways, and a higher speed limit permits highway patrols to shift manpower from speed enforcement to other safety activities. This perspective implied that they should measure the effect of a speed limit by its systemwide rather than its local effects. The authors do so and find that the fatality rate dropped by 3.4-5.1 percent following the speed limit increase. Copyright 1997 by Oxford University Press.

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Publisher Info
Article provided by Oxford University Press in its journal Economic Inquiry.

Volume (Year): 35 (1997)
Issue (Month): 3 (July)
Pages: 614-20
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Handle: RePEc:oup:ecinqu:v:35:y:1997:i:3:p:614-20

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  1. Steven D. Levitt, 2005. "Evidence that Seat Belts are as Effective as Child Safety Seats in Preventing Death for Children Aged Two and Up," NBER Working Papers 11591, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  2. Steven D. Levitt & Jack Porter, 1999. "Sample Selection in the Estimation of Air Bag and Seat Belt Effectiveness," NBER Working Papers 7210, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
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