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Defensive driving and the external costs of accidents and travel delays

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  • Steimetz, Seiji S.C.

Abstract

A unified model of accident and travel-delay costs describes the role that defensive driving effort plays in balancing these costs, and the costs of effort itself. This motivates a simple method for jointly estimating risk, effort, and travel-delay externalities, which exploits ordinary travel-demand modeling to directly value the congestion that generates these costs. A unique empirical setting also allows for decomposing the joint externality into its travel-delay and accident-related components, with results suggesting that together risk and effort externalities are nearly on par with travel-delay externalities. It is also demonstrated that traditional value-of-time estimates substantially reflect risk and effort costs.

Suggested Citation

  • Steimetz, Seiji S.C., 2008. "Defensive driving and the external costs of accidents and travel delays," Transportation Research Part B: Methodological, Elsevier, vol. 42(9), pages 703-724, November.
    • Handle: RePEc:eee:transb:v:42:y:2008:i:9:p:703-724
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    4. Hensher, David A., 2010. "Hypothetical bias, choice experiments and willingness to pay," Transportation Research Part B: Methodological, Elsevier, vol. 44(6), pages 735-752, July.
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    9. Piera Bello, 2021. "The environmental cost and the accident externality of driving: Evidence from the Swiss franc's appreciation," Economic Inquiry, Western Economic Association International, vol. 59(3), pages 1440-1458, July.
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