A Structural Model of Safety and Safety Regulation in the Trucking Industry

This paper models public policies to improve safety within a structural model of the trucking industry. The policies are designed to ameliorate the market failures associated with the myopic underestimation of crash costs by some trucking firms, and institutional constraints that prevent full internalization of the external costs of crashes. The paper compares three alternative public policies: the imposition of a minimum safety standard, levying post-crash fines, and the charging of an ex-ante tax. The policies are ranked on the basis of both their economic desirability, and the likelihood that they will be selected by voters in a political economy.

• Corporate Authors:

  World Conference on Transport Research Society

  Secretariat, 14 Avenue Berthelot
  69363 Lyon cedex 07,   France 
• Authors:
  • Savage, Ian
• Conference:
  • 11th World Conference on Transport Research
  • Location: Berkeley CA, United States
  • Date: 2007-6-24 to 2007-6-28
• Publication Date: 2007

Language

• English

Media Info

• Media Type: CD-ROM
• Features: Figures; References; Tables;
• Pagination: 35p
• Monograph Title: 11th World Conference on Transport Research

Subject/Index Terms

• TRT Terms: Costs; Crash analysis; Economic impacts; Externalities; Regulations; Taxes; Traffic safety; Truck traffic; Trucking; Trucking safety
• Subject Areas: History; Motor Carriers; Safety and Human Factors; I82: Accidents and Transport Infrastructure;

Filing Info

• Accession Number: 01117348
• Record Type: Publication
• Files: TRIS
• Created Date: Dec 30 2008 12:31PM