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...

Highway construction occurs nowadays mainly through widening of existing roads rather than building new roads. This paper documents that highway widenings considerably reduce congestion in the short run, defined here as 6 years. Using longitudinal microdata from highway detector loops in the...

When traveling in an autonomous car, the travel time can be used for performing activities other than driving. This paper distinguishes users' work-related and home-related activities in autonomous cars and proposes an activity-based bottleneck model to investigate travelers' behavior in the...

Recent empirical work has suggested that there is an important distinction between short-run versus long-run scheduling behaviour of commuters, reflected in differences in values of time and schedule delays, as well as in preferred arrival moments, for the short-run versus the long-run problem....