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Environmental consequences of dread behavior: A note on 2005 London bombings

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  • Percoco, Marco

Abstract

The aim of this paper is to identify the environmental impact induced by behavioral responses to terrorist attacks occurred in London on July 7th, 2005. By relying on the “dread hypothesis” and on the evidence of an increase in private transport subsequent attacks, we have estimated econometric models of pollution concentration. Our results point at a substantial environmental impact in terms of PM10 and NO2, possibly driven by an increase in the perception of higher safety of private transport with respect to public transit. Results are robust to several robustness checks, including nonlinear time trends and heterogeneity across types of monitoring stations.

Suggested Citation

  • Percoco, Marco, 2019. "Environmental consequences of dread behavior: A note on 2005 London bombings," Research in Transportation Economics, Elsevier, vol. 73(C), pages 83-88.
    • Handle: RePEc:eee:retrec:v:73:y:2019:i:c:p:83-88
    DOI: 10.1016/j.retrec.2018.11.008
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    References listed on IDEAS

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    1. Ito, Harumi & Lee, Darin, 2005. "Assessing the impact of the September 11 terrorist attacks on U.S. airline demand," Journal of Economics and Business, Elsevier, vol. 57(1), pages 75-95.
    2. Gerd Gigerenzer, 2006. "Out of the Frying Pan into the Fire: Behavioral Reactions to Terrorist Attacks," Risk Analysis, John Wiley & Sons, vol. 26(2), pages 347-351, April.
    3. Harumi Ito & Darin Lee, 2005. "Comparing the Impact of the September 11th Terrorist Attacks on International Airline Demand," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 12(2), pages 225-249.
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    Cited by:

    1. Griffiths, S. & Furszyfer Del Rio, D. & Sovacool, B., 2021. "Policy mixes to achieve sustainable mobility after the COVID-19 crisis," Renewable and Sustainable Energy Reviews, Elsevier, vol. 143(C).
    2. Basu, Rounaq & Ferreira, Joseph, 2021. "Sustainable mobility in auto-dominated Metro Boston: Challenges and opportunities post-COVID-19," Transport Policy, Elsevier, vol. 103(C), pages 197-210.

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    More about this item

    Keywords

    Dread behavior; Terrorist attacks; Pollution;
    All these keywords.

    JEL classification:

    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • R40 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - General
    • R49 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Other

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