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Drivers have been running an "arms race" on American roads by buying increasingly heavy vehicles such as SUVs, vans and light trucks. An important reason for the popularity of large vehicles is that families view them as providing better protection to their occupants if a crash occurs. But when...
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Accident costs are an important component of the external costs of traffic, a substantial part of whichis related to … fatal accidents. The evaluation of fatal accident costs crucially depends on theavailability of an estimate for the economic …
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' benefit matches the full (immaterial) costs, in oligopolistic markets insurance firms do not fully internalize accident …
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