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On the Redesign of Accident Liability for the World of Autonomous Vehicles
Shavell, Steven - 2019
This article studies a model of liability for automobile accidents in the coming world in which automobiles will be autonomous. In that world, travelers will not be drivers, rendering liability premised on driver fault irrelevant as a means of reducing accident dangers. Moreover, no other...
Persistent link: https://www.econbiz.de/10012480164
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Merging Simulation and Projection Approaches to Solve High-Dimensional Problems
Judd, Kenneth L. - 2012
We introduce an algorithm for solving dynamic economic models that merges stochastic simulation and projection … approaches: we use simulation to approximate the ergodic measure of the solution, we construct a fixed grid covering the support … support of the ergodic measure roughly uniformly. The proposed algorithm is tractable in problems with high dimensionality …
Persistent link: https://www.econbiz.de/10012460159
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The Dynamics of Car Sales : A Discrete Choice Approach
Adda, Jerome - 2000
Mankiw [1982] explores the Permanent Income Hypothesis implication that durable expenditures follow an ARMA(1,1) representation. He finds that durable expenditures are represented by an AR(1) process which implies that the rate of depreciation of durables, under the PIH model, is 100%. This...
Persistent link: https://www.econbiz.de/10012470965
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Tax and Subsidy Combinations for the Control of Car Pollution
Fullerton, Don - 2000
Despite technological advances, an individual car's emissions still cannot be measured reliably enough to impose a Pigovian tax. This paper explores alternative market incentives that could be used instead. We solve for second-best combinations of uniform taxes on gasoline, engine size, and...
Persistent link: https://www.econbiz.de/10012470976
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Sample Selection in the Estimation of Air Bag and Seat Belt Effectiveness
Levitt, Steven D. - 1999
Measurement of seat belt and air bag effectiveness is complicated by the fact that systematic data are collected only for crashes in which a fatality occurs. These data suffer from sample selection since seat belt and air bag usage influences survival rates which in turn determine whether a...
Persistent link: https://www.econbiz.de/10012471579
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Shaping the Habits of Teen Drivers
Moore, Timothy J.; Morris, Todd - National Bureau of Economic Research - 2021
Teens are risky drivers and often subject to extra restrictions. We examine the effects of an Australian intervention banning first-year drivers from carrying multiple passengers between 11:00pm and 4:59am, which had represented 3% of their accidents and 18% of their fatalities. Using daytime...
Persistent link: https://www.econbiz.de/10012510585
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Preemptive Entry and Technology Diffusion : The Market for Drive-in Theaters
Gil, Ricard; Houde, Jean-François; Sun, Shilong; … - National Bureau of Economic Research - 2021
This paper studies the role and incidence of entry preemption strategic motives on the dynamics of new industries, while providing an empirical test for entry preemption, and quantifying its impact on market structure. The empirical context is the evolution of the U.S. drive-in theater market...
Persistent link: https://www.econbiz.de/10012660086
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The Effects of Government Regulation on Teenage Motor Vehicle Mortality
McCornac, Dennis C. - 1982
This article investigates the impact of a number of policy manipulable variables on the motor vehicle mortality rate of white males between the ages of 15 to 24. Particular emphasis is placed on the role of alcohol. Utilizing data for the tune period 1970 to 1975, multivariate equations are...
Persistent link: https://www.econbiz.de/10012478075
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The Electric Vehicle Transition and the Economics of Banning Gasoline Vehicles
Holland, Stephen P. - 2020
Electric vehicles have a unique potential to transform personal transportation. We analyze the transition to electric vehicles with a dynamic model that captures the falling costs of producing electric vehicles, the decreasing pollution from electricity generation, the increasing...
Persistent link: https://www.econbiz.de/10012479328
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Misfits in the Car Industry : Offshore Assembly Decisions at the Variety Level
Head, Keith - 2019
This paper estimates the role of country-variety comparative advantage in the decision to offshore assembly of more than 2000 models of 197 car brands headquartered in 23 countries. While offshoring in the car industry has risen from 2000 to 2016, the top five offshoring brands account for half...
Persistent link: https://www.econbiz.de/10012479567