Speed Variance, Enforcement, and the Optimal Speed Limit

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

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Year of publication:	2017
Authors:	Graves, Philip E. ; Lee, Dwight R. ; Sexton, Robert L.
Publisher:	[S.l.] : SSRN
Subject:	Fahrgeschwindigkeit \| Driving speed \| Theorie \| Theory

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Extent:	1 Online-Ressource (7 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Economics Letters, Vol. 42, pp. 237-243, 1993 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 1993 erstellt
Classification:	D02 - Institutions: Design, Formation, and Operations ; d04 ; D03 - Behavioral Economics; Underlying Principles ; D11 - Consumer Economics: Theory ; K10 - Basic Areas of Law. General ; K14 - Criminal Law ; K42 - Illegal Behavior and the Enforcement of Law ; R41 - Transportation: Demand; Supply; Congestion; Safety and Accidents
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014179215