The microeconomic analysis of the external costs of road accidents

Peirson, John D. and Skinner, Ian and Vickerman, Roger W. (1998) The microeconomic analysis of the external costs of road accidents. Economica, 65 (259). pp. 429-440. ISSN 0013-0427. (The full text of this publication is not available from this repository)

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Abstract

A disaggregated model of the marginal external costs of road accidents imposed by different road users is developed. The model explicitly specifies the adjustment of road users to increases in accident risks imposed by additional road use and is used to estimate the marginal external costs of road accidents. The results, under certain assumptions, are up to 50% less than those obtained using the methods of previous studies. However, the adjustment to the increased risks of accidents leads to other costs, such as congestion and reduced pedestrian mobility. These costs should be included in a comprehensive analysis.

Item Type: Article
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculties > Social Sciences > School of Economics
Faculties > Science Technology and Medical Studies > School of Mathematics Statistics and Actuarial Science
Depositing User: Roger Vickerman
Date Deposited: 05 Apr 2009 17:25
Last Modified: 03 Jun 2014 12:58
Resource URI: http://kar.kent.ac.uk/id/eprint/17492 (The current URI for this page, for reference purposes)
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