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A Game Theoretical Approach to Road Safety

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  • Pål Andreas Pedersen

Abstract

A theoretical model is adopted in order to explain incentives and actual safety behaviour for drivers, pedestrians and other road users which do not utilise motorised vehicles. A road user's outcome is supposed to be dependent on her individual actions and cares decided upon by other individuals utilising the roads simultaneously, as well as on external traffic safety conditions. By varying the types of road users meeting in traffic and the order of moves taken, several different games are identified, analysed and compared. In addition to focussing on the possible strategic interactions between the road users and the outcomes most likely to be found in different situations, we discuss the existence and size of moral hazard effects caused by improvements in external safety conditions.

Suggested Citation

  • Pål Andreas Pedersen, 2001. "A Game Theoretical Approach to Road Safety," Studies in Economics 0105, School of Economics, University of Kent.
    • Handle: RePEc:ukc:ukcedp:0105
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    File URL: https://www.kent.ac.uk/economics/repec/0105.pdf
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    References listed on IDEAS

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    1. 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 429-440, August.
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    Cited by:

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    3. Max Smith, 2006. "AN EMPIRICAL COMPARISON OF THE MANAGERIAL DEVELOPMENT OF FAMILY AND NON-FAMILY SMEsFROM AUSTRALIA'S MANUFACTURING SECTOR," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 14(02), pages 125-141.
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    6. Amer, Rafael & Gimenez, Jose Miguel & Magana, Antonio, 2007. "Accessibility in oriented networks," European Journal of Operational Research, Elsevier, vol. 180(2), pages 700-712, July.

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    More about this item

    Keywords

    Road safety; strategic interaction; moral hazard;
    All these keywords.

    JEL classification:

    • R4 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics
    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty

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