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Speed and income

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Author Info
Mogens Fosgerau (Danish Transport Research Institute)

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Abstract

The relationship between speed and income is established in a micro- economic model focusing on the trade-off between travel time and the risk of receiving a penalty for exceeding the speed limit. This is used to determine when a rational driver will choose to exceed the speed limit. The relationship between speed and income is found again in the empirical analysis of a cross-sectional dataset comprising 60.000 observations of car trips. This is utilised to perform regressions of speed on income, distance travelled and a number of controls. The results are clearly significant and indicate an average income elasticity of speed of 0.03; it is smaller at short distances and about twice as large at the longest distance investigated of 200 km.

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File URL: http://129.3.20.41/eps/urb/papers/0405/0405002.pdf
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Publisher Info
Paper provided by EconWPA in its series Urban/Regional with number 0405002.

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Length: 21 pages
Date of creation: 07 May 2004
Date of revision:
Handle: RePEc:wpa:wuwpur:0405002

Note: Type of Document - pdf; pages: 21. 21 pages pdf
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Web page: http://129.3.20.41

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Related research
Keywords: Speed; income;

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Find related papers by JEL classification:
R41 - Urban, Rural, and Regional Economics - - Transportation Systems - - - Transportation: Demand, Supply, and Congestion

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Gander, James P., 1985. "A utility-theory analysis of automobile speed under uncertainty of enforcement," Transportation Research Part B: Methodological, Elsevier, vol. 19(3), pages 187-195, June. [Downloadable!] (restricted)
  2. Rienstra, S.A. & Rietveld, P., 1996. "Speed behaviour of car drivers: a statistical analysis of acceptance of changes in speed policies in the Netherlands," Serie Research Memoranda 0007, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics. [Downloadable!]
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Muhammad Sabir & Jos van Ommeren & Mark Koetse & Piet Rietveld, 2008. "Welfare Effects of Adverse Weather through Speed Changes in Car Commuting Trips," Tinbergen Institute Discussion Papers 08-087/3, Tinbergen Institute. [Downloadable!]
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This page was last updated on 2009-12-9.

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