Road safety policies and automobile insurance contracts often use incentive mechanisms based on traffic violations and accidents to promote safe driving. Can these mechanisms improve road safety efficiently? Do they reduce asymmetric information between drivers and insurers and regulators? In...

Problem: Limited literature suggests that gasoline prices have substantial effects on reducing fatal crashes. However, the literature focuses only on fatal crashes and does not examine the effects on all traffic crashes.Methods: Mississippi traffic crash data from April 2004-December 2008 from...

An estimated 1.3 million people die in traffic accidents each year worldwide and millions more are injured, with developing countries disproportionately affected. It is predicted that the number of global traffic deaths will be around 1.8 million annually by 2030, making it the eight cause of...

This paper presents a model of vehicle choice and empirically examines the risk posed by light trucks (sport-utility vehicles, vans, and pickups) to those that drive them and to other drivers, relative to the risk posed by cars. It compares the relative risk of dying and the relative crash...

According to the World Health Organization, more than one million road traffic deaths occur every year throughout the world. Many countries have established quantified road safety targets in response. Road safety targets need to be based on reliable forecasting methods. This paper attempts to...

This paper studies road safety and accident externalities when insurance companies have market power, and can influence road users' driving behaviour via insurance premiums. We obtain both welfare and profit maximizing marginal conditions for first- and second-best insurance premiums for...

European governments are increasingly committed to road safety, due to the impact of road accidents in terms of economic loss and as a public health threat. In addition to regulation, providing better road infrastructure is an essential strategy to promote road safety. This paper investigates...

This paper studies road safety and accident externalities when insurance companies have market power, and can influence road users' driving behaviour via insurance premiums. We obtain both welfare and profit maximizing marginal conditions for first- and second-best insurance premiums for...