IDEAS home Printed from https://ideas.repec.org/a/bla/econom/v65y1998i259p429-440.html
   My bibliography  Save this article

The Microeconomic Analysis of the External Costs of Road Accidents

Author

Listed:
  • John Peirson
  • Ian Skinner
  • Roger Vickerman

Abstract

A disaggregated model of the marginal external costs of road accidents imposed by different road users is developed. The model explicitly specifies the adjustment of road users to increases in accident risks imposed by additional road use and is used to estimate the marginal external costs of road accidents. The results, under certain assumptions, are up to 50% less than those obtained using the methods of previous studies. However, the adjustment to the increased risks of accidents leads to other costs, such as congestion and reduced pedestrian mobility. These costs should be included in a comprehensive analysis.

Suggested Citation

  • John Peirson & Ian Skinner & Roger Vickerman, 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.
    • Handle: RePEc:bla:econom:v:65:y:1998:i:259:p:429-440
    DOI: 10.1111/1468-0335.00137
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/1468-0335.00137
    Download Restriction: no
    File URL: https://libkey.io/10.1111/1468-0335.00137?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jonsson, Lina & Björklund, Gunilla & Isacsson, Gunnar, 2019. "Marginal costs for railway level crossings in Sweden," Working papers in Transport Economics 2019:1, CTS - Centre for Transport Studies Stockholm (KTH and VTI), revised 22 Dec 2020.
    2. Andrew Dickerson & John Peirson & Roger Vickerman, 2000. "Road Accidents and Traffic Flows: An Econometric Investigation," Economica, London School of Economics and Political Science, vol. 67(265), pages 101-121, February.
    3. Simon Shepherd, 2008. "The effect of complex models of externalities on estimated optimal tolls," Transportation, Springer, vol. 35(4), pages 559-577, July.
    4. Schrage, Andrea, 2006. "Traffic Congestion and Accidents," University of Regensburg Working Papers in Business, Economics and Management Information Systems 419, University of Regensburg, Department of Economics.
    5. Pål Andreas Pedersen, 2001. "A Game Theoretical Approach to Road Safety," Studies in Economics 0105, School of Economics, University of Kent.
    6. Eef Delhaye, 2004. "Traffic safety: speed limits, strict liability and a km tax," Energy, Transport and Environment Working Papers Series ete0407, KU Leuven, Department of Economics - Research Group Energy, Transport and Environment.
    7. Tito Moreira & Adolfo Sachsida & Loureiro Paulo, 2004. "Traffic accidents: an econometric investigation," Economics Bulletin, AccessEcon, vol. 18(3), pages 1-7.

    More about this item

    JEL classification:

    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
    • J29 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Other

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:econom:v:65:y:1998:i:259:p:429-440. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/lsepsuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.