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Anyone for Higher Speed Limits? - Self-Interested and Adaptive Political Preferences

  • Johansson-Stenman, Olof

    (Department of Economics, School of Economics and Commercial Law, Göteborg University)

  • Martinsson, Peter

    ()

    (Department of Economics, School of Economics and Commercial Law, Göteborg University)

Swedish survey-evidence indicates that variables reflecting self-interest are important in explaining people’s preferred speed limits, and that political preferences adapt to technological development. Drivers of cars that are newer (and hence safer), bigger, and with better high-speed characteristics, prefer higher speed limits, as do those who believe they drive better than average, whereas elderly people prefer lower limits. Furthermore, people report that they themselves vote more sociotropically than they believe others to vote, on average. Self-serving biases are proposed as a bridge between subjectively perceived expressive and sociotropic voting behavior, versus objectively self-interested voting behavior.

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Paper provided by University of Gothenburg, Department of Economics in its series Working Papers in Economics with number 95.

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Length: 17 pages
Date of creation: 28 Mar 2003
Date of revision:
Publication status: Published as Johansson-Stenman, Olof and Peter Martinsson, 'Anyone for Higher Speed Limits? - Self-Interested and Adaptive Political Preferences' in Public Choice, 2005, pages 319-331.
Handle: RePEc:hhs:gunwpe:0095
Note: Publised in Public Choice, 2005, Vol. 122, pp. 319-331.
Contact details of provider: Postal: Department of Economics, School of Business, Economics and Law, University of Gothenburg, Box 640, SE 405 30 GÖTEBORG, Sweden
Phone: 031-773 10 00
Web page: http://www.handels.gu.se/econ/

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  1. Jianakoplos, Nancy Ammon & Bernasek, Alexandra, 1998. "Are Women More Risk Averse?," Economic Inquiry, Western Economic Association International, vol. 36(4), pages 620-30, October.
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  9. Linda Babcock & George Loewenstein, 1997. "Explaining Bargaining Impasse: The Role of Self-Serving Biases," Journal of Economic Perspectives, American Economic Association, vol. 11(1), pages 109-126, Winter.
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  14. Kahneman, Daniel & Knetsch, Jack L., 1992. "Valuing public goods: The purchase of moral satisfaction," Journal of Environmental Economics and Management, Elsevier, vol. 22(1), pages 57-70, January.
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  18. Peltzman, Sam, 1975. "The Effects of Automobile Safety Regulation," Journal of Political Economy, University of Chicago Press, vol. 83(4), pages 677-725, August.
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