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A Reexamination of Resource Allocation Responses to the 65-MPH Speed Limit

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  • Michael Greenstone

    (and Assistant Professor, Department of Economics, University of Chicago, 1126 E. 59th St., Chicago, IL 60637.)

Abstract

In a recent issue of Economic Inquiry (35[3]: 614--20) Lave and Elias (1997) contend that the 1987 increase in speed limits to 65 mph on rural interstate roads caused a reduction in statewide fatality rates. They argue that increased fatality rates on rural interstates were counterbalanced by declines on other roads due to compensatory reallocations of drivers and state police. This article is unable to find any empirical evidence of these reallocations. This removes the empirical basis for their hypothesis and implies that the effect of the 65-mph speed limit can be inferred from an analysis of rural interstates only. On these roads, fatality rates increased dramatically. Copyright 2002, Oxford University Press.

Suggested Citation

  • Michael Greenstone, 2002. "A Reexamination of Resource Allocation Responses to the 65-MPH Speed Limit," Economic Inquiry, Western Economic Association International, vol. 40(2), pages 271-278, April.
    • Handle: RePEc:oup:ecinqu:v:40:y:2002:i:2:p:271-278
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    Citations

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    Cited by:

    1. Olof Johansson-Stenman & Peter Martinsson, 2005. "Anyone for higher speed limits? – Self-interested and adaptive political preferences," Public Choice, Springer, vol. 122(3), pages 319-331, March.
    2. Dee, Thomas S. & Grabowski, David C. & Morrisey, Michael A., 2005. "Graduated driver licensing and teen traffic fatalities," Journal of Health Economics, Elsevier, vol. 24(3), pages 571-589, May.
    3. Mostafa Pazoki & Hamed Samarghandi & Mehdi Behroozi, 2023. "Increasing Supply Chain Resiliency Through Equilibrium Pricing and Stipulating Transportation Quota Regulation," Papers 2308.00681, arXiv.org, revised Oct 2023.
    4. D. Mark Anderson & Benjamin Hansen & Daniel I. Rees, 2013. "Medical Marijuana Laws, Traffic Fatalities, and Alcohol Consumption," Journal of Law and Economics, University of Chicago Press, vol. 56(2), pages 333-369.
    5. Anderson, D. Mark & Rees, Daniel I., 2012. "Per Se Drugged Driving Laws and Traffic Fatalities," IZA Discussion Papers 7048, Institute of Labor Economics (IZA).
    6. Dee, Thomas S. & Sela, Rebecca J., 2003. "The fatality effects of highway speed limits by gender and age," Economics Letters, Elsevier, vol. 79(3), pages 401-408, June.
    7. Anderson, D. Mark & Rees, Daniel I., 2015. "Per se drugged driving laws and traffic fatalities," International Review of Law and Economics, Elsevier, vol. 42(C), pages 122-134.
    8. Michael A. Morrisey & David C. Grabowski, 2005. "State motor vehicle laws and older drivers," Health Economics, John Wiley & Sons, Ltd., vol. 14(4), pages 407-419, April.
    9. Yang, Hai & Wang, Xiaolei & Yin, Yafeng, 2012. "The impact of speed limits on traffic equilibrium and system performance in networks," Transportation Research Part B: Methodological, Elsevier, vol. 46(10), pages 1295-1307.
    10. Jeffrey R Brubacher & Herbert Chan & Shannon Erdelyi & Gordon Lovegrove & Farhad Faghihi, 2018. "Road Safety Impact of Increased Rural Highway Speed Limits in British Columbia, Canada," Sustainability, MDPI, vol. 10(10), pages 1-19, October.

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