Pay-as-you-speed An Economic Field Experiment
We report a vehicle-fleet experiment with an economic incentive for keeping within speed limits using a speed-alert device. A traffic insurance scheme was simulated for two months with a monthly bonus that was reduced by a non-linear speeding penalty. Participants were randomly assigned into four treatment and two control groups. A third control group consisted of drivers who had the device and were monitored, but did not participate. We found that participating drivers reduced severe speeding during the first month, but in the second, after having received feedback reports with an account of earned payments, only those given a penalty changed their behaviour. © 2011 LSE and the University of Bath
Volume (Year): 45 (2011)
Issue (Month): 3 (September)
|Contact details of provider:|| Web page: http://www.bath.ac.uk/e-journals/jtep|
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.:
- Shogren, Jason F. & Crocker, Thomas D., 1991.
"Risk, self-protection, and ex ante economic value,"
Journal of Environmental Economics and Management,
Elsevier, vol. 20(1), pages 1-15, January.
- Shogren, Jason F. & Crocker, Thomas D., 1991. "Risk, Self-Protection, and Ex Ante Economic Value," Staff General Research Papers 334, Iowa State University, Department of Economics.
- Jason F. Shogren & Thomas D. Crocker, 1990. "Risk, Self-Protection, and Ex Ante Economic Value," Center for Agricultural and Rural Development (CARD) Publications 90-wp57, Center for Agricultural and Rural Development (CARD) at Iowa State University.
- De Meza, D. & Webb, D.C., 2000.
"Advantageous Selection in Insurance Market,"
0007, Exeter University, Department of Economics.
- Gunnar Lindberg, 2001. "Traffic Insurance and Accident Externality Charges," Journal of Transport Economics and Policy, London School of Economics and University of Bath, vol. 35(3), pages 399-416, September.
- Hemenway, David, 1990. "Propitious Selection," The Quarterly Journal of Economics, MIT Press, vol. 105(4), pages 1063-69, November.
When requesting a correction, please mention this item's handle: RePEc:tpe:jtecpo:v:45:y:2011:i:3:p:415-436. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christopher F. Baum)
If references are entirely missing, you can add them using this form.