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A road accident is commonly attributed to the collision of vehicles, pedestrian, or with an object that will result to death, disability and damage to property. Road accidents were caused by driver's errors(26%), mechanical defect (12%), over speeding (18%), drinking spree before driving(1%) ,...
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In this paper we aim to use a posteriori approach to estimate the monetary compensation that would keep the individual's subjective well-being unchanged after experiencing traffic accidents. The coefficients of the life satisfaction equation, estimated with Swedish data collected in May 2020,...
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Cross-border road traffic accidents raising jurisdictional issues represent about 1% of road traffic accidents in the EU27. The direct costs of these accidents can be set at approximately u0080450 million yearly, of which u0080150 million are due to medical expenses and damage to property,...
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