Tang, Cheng Keat; Ommeren, Jos van - 2020
This paper estimates the marginal accident externality of driving in Central London by exploiting variation in traffic …, and a 6.5% increase in serious injuries/fatalities. Our preferred estimates indicate that the accident, slight injuries … £0.16. The marginal accident externality is positive, as the marginal driver along congested roads decreases the risk and …
