Fuel Economy, Car Class Mix, and Safety
Fuel economy standards change the composition of the vehicle fleet, potentially influencing accident fatality risks. I estimate the direction and magnitude of this impact, introducing a correction for selection on driver behavior. A policy application using my new estimates shows that the present distinction between light trucks and cars in fuel economy rules has very negative consequences for overall safety: Each MPG increment to the standard results in an additional 150 fatalities per year in expectation. My correction for selection is pivotal in this finding. I then demonstrate a simple alternative regulation that can produce near-zero changes in accident fatalities.
Year of publication: |
2011
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Authors: | Jacobsen, Mark R. |
Published in: |
American Economic Review. - American Economic Association - AEA. - Vol. 101.2011, 3, p. 105-09
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Publisher: |
American Economic Association - AEA |
Saved in:
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