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Point-System Driving Licence: Was it Really Necessary?

Author

Listed:
  • Carlo Rosa

    (Department of Economics - London School of Economics)

Abstract

In Italy, in July 2003, a new highway code came into force. Among other things, it posits a «revolutionary » point-system driving licence. This paper analyses optimal punishment schemes and shows that a simpler policy intervention, such as a dynamic increase in the size of the pecuniary sanctions, could have induced the same outcome.

Suggested Citation

  • Carlo Rosa, 2005. "Point-System Driving Licence: Was it Really Necessary?," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 113(3), pages 477-485.
  • Handle: RePEc:vep:journl:y:2005:v:113:i:3:p:477-485
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    More about this item

    Keywords

    optimal punishment scheme; equivalence theorem; memory property.;

    JEL classification:

    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • K40 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - General

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