This paper studies road safety and accident externalities when insurance companies have market power, and can influence … technology choice. While a private monopolist internalizes accident externalities up to the point where compensations to users … externalities that their customers impose upon one another. Therefore, non-optimal premiums as well as speed and technology control …

-mile tolls could target congestion and accident externalities more efficiently than fuel taxes, although they are not practical … externalities (versus $0.22 without fuel taxes) would be most efficient. Current public bus and rail subsidies are relatively close … to efficient levels in the absence of such policies; however, if automobile and microbus externalities were fully …

-mile tolls could target congestion and accident externalities more efficiently than fuel taxes, although they are not practical … externalities (versus $0.22 without fuel taxes) would be most efficient. Current public bus and rail subsidies are relatively close … to efficient levels in the absence of such policies; however, if automobile and microbus externalities were fully …