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Seeing red: Traffic controls and the economy

Author

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  • Cassini, Martin
  • Wellings, Richard

Abstract

Not only is a high proportion of traffic regulation detrimental to road safety, the economy, and the environment, but it also imposes huge costs on road-users, taxpayers, and communities. Traffic regulation is often introduced without analysing the full cost to road-users. From 2000 to 2014, when there was little growth in traffic volumes, the number of traffic lights on Britain's roads increased by some 25%. The number of junctions controlled by signals has risen to about 15,000 with a further 18,000 pedestrian crossings. The number of instructional traffic signs in England reached 4.57 million in 2013 - an increase of 112% since 1993. The importance of the road network means the cumulative effect of such measures imposes an enormous burden on the UK economy. Just a two-minute delay to every car trip equates to a loss of approximately £16 billion a year. There is a strong economic case for replacing standard traffic regulation with strategies that harness voluntary cooperation among road-users. "Shared space" schemes - such as the one in Poynton in Cheshire - show the transformational benefits of this unregulated, design approach. A high proportion of traffic lights should be replaced by filter-in-turn or all-way give-ways. Many bus lanes, cycle lanes, speed cameras and parking restrictions should also go. Culling such traffic management infrastructure would deliver substantial economic and social benefits.

Suggested Citation

  • Cassini, Martin & Wellings, Richard, 2016. "Seeing red: Traffic controls and the economy," IEA Discussion Papers 68, Institute of Economic Affairs (IEA).
  • Handle: RePEc:zbw:ieadps:313969
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    More about this item

    JEL classification:

    • R48 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government Pricing and Policy
    • R42 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government and Private Investment Analysis; Road Maintenance; Transportation Planning
    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise
    • R49 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Other
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • R48 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government Pricing and Policy
    • R42 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government and Private Investment Analysis; Road Maintenance; Transportation Planning
    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise
    • R49 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Other
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis

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