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An aggregative analysis of road accidents
Towards a social policy
Optimal speed on the motorway and some shadow prices
1 other sections not shown
accident analysis accident costs accident externality accident policy accident prevention accident research accident victims activity aggregate allocation approach assume basis behaviour Calabresi cause chapter consumer cost-benefit analysis Costs of Accidents courts curve Discussion Paper distribution economists effect elasticity empirical equation estimate example expected fatalities Figure fuel Ghosh implications increase individual Industrial Economics Journal loss-spreading marginal benefit marginal cost marginal social market failure maximise measures motorway numeraire optimal average speed optimal speed Paretian Pareto Pareto criterion Pareto optimal particular period personal injury petrol price positive possible potential problem product liability property rights relation relationship road accidents road casualties Road Research safety seat belt shadow prices shift slight injuries Smeed social cost social policy speed limit statistical suggest Table technical theoretical theory tort system traffic speed University of Nottingham valuation variables volume of traffic weather welfare economics