Dickerson, A.P. and Peirson, J. and Vickerman, R.W. (2000) Road accidents and traffic flows: An econometric investigation. Economics, 67 (265). pp. 101-121. ISSN 0013-0427.
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This paper develops an empirical model of the relationship between road traffic accidents and traffic flows. The analysis focuses on the accident externality, which is determined mainly by the difference between the marginal and average risks. The model is estimated using a new data-set which combines hourly London traffic count data from automated vehicle recorders together with police records of road accidents. The accident-flow relationship is seen to vary considerably between different road classes and geographical areas. More importantly, even having controlled for these and other differences, the accident externality is shown to vary significantly with traffic flows. In particular, while the accident externality is typically close to zero for low to moderate traffic flows, it increases substantially at high traffic flows.
|Subjects:||H Social Sciences > HB Economic Theory|
|Divisions:||Faculties > Social Sciences > School of Economics|
|Depositing User:||Roger Vickerman|
|Date Deposited:||24 Jun 2009 11:05|
|Last Modified:||25 Apr 2012 11:11|
|Resource URI:||http://kar.kent.ac.uk/id/eprint/16379 (The current URI for this page, for reference purposes)|
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