Yamamura, Eiji - In: Journal of Behavioral and Experimental Economics … 37 (2008) 6, pp. 2505-2512
This paper explores, using panel data of traffic accidents in Japan, how formal and informal deterrence affect driving manners. I found through fixed effects and fixed effects 2SLS estimations that formal deterrents, such as police, cause drivers to drive attentively but that this effect is not...