The Regulatory Determinants of Railroad Safety

The dramatic improvement in railroad safety since the 1970s has been accompanied by a substantial increase in safety regulation and a substantial reduction in economic regulation after 1980. We assess the effects of both regulatory changes on railroad safety with the use of RegData: a new data set that was developed by one of the authors that measures the amount of regulation that is imposed by specific regulatory agencies on specific industries. We find that partial economic deregulation is associated with improved safety. Safety regulation was most closely associated with improved railroad safety during the period when economic regulation curtailed railroads’ incentives to operate safely.

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    • © Springer Science+Business Media, LLC, part of Springer Nature 2018. The contents of this paper reflect the views of the author[s] and do not necessarily reflect the official views or policies of the Transportation Research Board or the National Academy of Sciences.
  • Authors:
    • Ellig, Jerry
    • McLaughlin, Patrick A
  • Publication Date: 2016-9

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  • English

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  • Accession Number: 01677584
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Jul 31 2018 12:38PM