A MODEL FOR ESTIMATING ECONOMIC COSTS FROM MOTOR VEHICLE CRASHES IN STATE AND LOCAL JURISDICTIONS
State and local jurisdictions can make a rough estimate of their local economic costs from motor vehicle crashes by multiplying their specific fatality count by $1.3 million. This assumes that local accident characteristics are similar to the national average. In many instances, this will not be the case. A more accurate estimate of economic costs incurred in a specific jurisdiction can be made by following the simple steps outlined in this paper. The first step is to determine the incidence of death, injury, and property damage now experienced in the specific jurisdiction; the second step is to combine this incidence with the associated per unit economic costs which are provided in the paper. The resulting estimate should provide a reasonable "order of magnitude" indicator of economic costs.
Washington, DC United States 20590
- Publication Date: 1988-3
- Features: Figures; Tables;
- Pagination: 9 p.
- TRT Terms: Costs; Crashes; Estimating; Fatalities; Injuries; Loss and damage; Methodology; Property; Traffic crashes
- Uncontrolled Terms: Accident costs; Motor vehicle accidents; Property damage
- Subject Areas: Economics; Finance; Highways; Safety and Human Factors; Society; I10: Economics and Administration; I81: Accident Statistics;
- Accession Number: 00496631
- Record Type: Publication
- Source Agency: National Highway Traffic Safety Administration
- Report/Paper Numbers: HS-807 253
- Files: HSL, TRIS, USDOT
- Created Date: Aug 31 1990 12:00AM