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Motorways, tolls and road safety.Evidence from European Panel Data.

The use of tolls is being widespread around the world. Its ability to fund infrastructure projects and to solve budget constraints have been the main rationale behind its renewed interest. However, less attention has been payed to the safety effects derived from this policy in a moment of increasing concern on road fatalities. Pricing best infrastructures shifts some drivers onto worse alternative roads usually not prepared to receive high traffic in comparable safety standards. In this paper we provide evidence of the existence of this perverse consequence by using an international European panel in a two way fixed effects estimation.
Year of publication:
2008-02
Authors: Albalate, Daniel ; Bel, Germa
Institutions: Facultat d'Economia i Empresa, Universitat de Barcelona
Subject: Road Safety | Tolls | Motorways and Transportation
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application/pdf
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Type of publication: Book / Working Paper
Language: English
Notes:
Number 200802 18 pages
Classification: H23 - Externalities; Redistributive Effects ; Environmental Taxes and Subsidies ; I18 - Government Policy; Regulation; Public Health ; R48 - Government Pricing; Regulatory Policies
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