Many state-level policies impact the location decisions of both employees and employers. As most jobs require some form of commute, one such state-level policy impacting location choices are speed limits. We consider the effect of speed limits on the size of the labour sheds in the mountain west...

We highlight a trade-off between speed (the rate at which behaviours propagate in the population) and resilience (the measure of initial adopters required for spreading) in models of threshold contagion: contagion is faster in networks where it is harder to initiate contagion. We derive various...

This study analyzes the effects of binding local speed limits on crash frequency on German motorways. Various geo-spatial data sources are merged to a new data set providing rich information on characteristics for 500-meter segments of large parts of the German motorway network. The empirical...

This study analyzes the effects of binding speed limits on crash frequency on German motorways. Various geo-spatial data sources are merged to a new data set providing rich information on roadway characteristics for 500-meter segments of large parts of the German motorway network. The empirical...

The interaction of debt and economic performance has been getting more at-tention over the last few years. However, models making provision for debt are still out-numbered by models completely ignoring it. This paper is the first one to analyze therelationship between household debt (in the form...

In 1987 the federal government permitted states to raise the speed limit on their rural interstate roads, but not on their urban interstate roads, from 55 mph to 65 mph for the first time in over a decade. Since the states that adopted the higher speed limit must have valued the travel hours...

This paper investigates a robust monetary policy under speed limit policy when a central bank fears model misspecification. We show that the persistence of the output gap becomes small with the robust speed limit policy. The low persistence of the output gap contributes to mitigating the...

Vehicle accidents represent an important source of externalities from driving. Using a detailed dataset on accident location and characteristics in Switzerland, we estimate the effect of switching from a 50 km/h speed limit to a 30 km/h limit on the probability of vehicle accident injuries....

Significant research has been undertaken on how changes in speed limit-for example, the introduction of 30 kilometers per hour, or kph (20 miles per hour, or mph) speed limits-impact safety both when combined with, and without "traffic-calming" engineering treatments such as speed humps or...

The zero lower bound (ZLB) constraint on interest rates makes speed limit policies (SLPs)—policies aimed at stabilizing output growth—less effective. Away from the ZLB, the history dependence induced by a concern for output growth stabilization improves the inflation-output tradeoff for a...

Background: Speeds influence road safety by reducing both the likelihood and severities of vehicle-vehicle conflicts and conflicts among vehicles, cyclists, and pedestrians. Guidelines for setting speed limits can be derived from the safe system principles in which safe speeds are scientifically...

We study the impact on road safety of one-day massive speed limit monitoring operations (SLMO) accompanied by media campaigns that announce the SLMO and provide information on the dangers of speeding. Using register data on the universe of police reported accidents in a generalized...

We study the impact on road safety of one-day massive speed limit monitoring operations (SLMO) accompanied by media campaigns that announce the SLMO and provide information on the dangers of speeding. Using register data on the universe of police reported accidents in a generalized...

This paper studies the impact of speed limits on local air pollution using a series of datespecific speed limit reductions in Oslo over the 2004-2011 period. We find that lowering the speed limit from 80 to 60 km/h reduces travel speed by 5.8 km/h. However, we find no evidence of reduced air...

We analyzed real telematics information for a sample of drivers with usage-based insurance policies. We examined the statistical distribution of distance driven above the posted speed limit—which presents a strong positive asymmetry-using quantile regression models. We found that, at different...

We study the impact on road safety of one-day massive speed limit monitoring operations (SLMO) accompanied by media campaigns that announce the SLMO and provide information on the dangers of speeding. Using register data on the universe of police reported accidents in a generalized...

We study the impact on road safety of one-day massive speed limit monitoring operations (SLMO) accompanied by media campaigns that announce the SLMO and provide information on the dangers of speeding. Using register data on the universe of police reported accidents in a generalized...

In der Diskussion über städtische Luftverschmutzung und Geschwindigkeitsbegrenzungen auf Autobahnen besteht ein Mangel an evidenzbasierten Argumenten, was die Debatte immer wieder blockiert. Bei der Bewertung von Grenzwerten bzw. angedachten Maßnahmen wie Tempolimits sollten kausale...

Nowadays, several Apps record real-time data from social networks that enrich users' decision making. We argue that these data may also be used to better inform policy makers in the absence of monitoring data or as a complementary tool of measurement systems. This is the case of Waze, an App...

This paper studies drivers' responses to a ‘notched' penalty scheme in which speeding penalties are stepwise and discontinuously increasing in speed. We present survey evidence suggesting that drivers in Germany are well aware of the notched penalty structure. Based on a simple analytical...

The zero lower bound (ZLB) constraint on interest rates makes speed limit policies (SLPs)---policies aimed at stabilizing the output growth---less effective. Away from the ZLB, the history dependence induced by a concern for output growth stabilization improves the inflation-output tradeoff for...

The zero lower bound (ZLB) constraint on interest rates makes speed limit policies (SLPs) - policies aimed at stabilizing output growth - less effective. Away from the ZLB, the history dependence induced by a concern for output growth stabilization improves the inflation-output tradeoff for a...

Speed is a salient feature of modern financial markets. This paper studies investors' speed acquisition, alongside their information acquisition. Speed heterogeneity arises in equilibrium, fragmenting the information aggregation process temporally and affecting price informativeness...

Uniquely amongst industrialized countries worldwide, Germany does not impose a general speed limit on highways. This is different in the Netherlands, where a limit of 130km/h is implemented. The direct border between the two countries provides an opportunity to construct a natural experiment and...

We measure technological progress in oceanic shipping directly by using a large database of daily log entries from ships of the British and Dutch East India Companies and Navies to estimate daily sailing speed in different wind conditions from 1750 to 1850. Against the consensus among economic...

This paper studies drivers' responses to a "notched" penalty scheme in which speeding penalties are stepwise and discontinuously increasing in speed. We present survey evidence suggesting that drivers in Germany are well aware of the notched penalty structure. Based on a simple analytical...

This paper studies a unique traffic law enforcement campaign in Germany and its impact on road safety. Key features of the campaign are (1) repeated one-day lasting massive speed limit monitoring (so called Blitzmarathons) and (2) a media campaign that informs the public in advance about the...

A model of the optimal speed limit is developed which explicitly recognizes the role of average speed, speed variance, and the level of enforcement. An unusual result emerges, namely that a higher speed limit may be optimal when reducing the variance in highway speeds reduces accident externalities