Fosgerau, Mogens (2005): Speed and income. Published in: Journal of Transport Economics and Policy , Vol. 39, No. 2 : pp. 225-240.
Download (138kB) | Preview
The relationship between speed and income is established in a microeconomic model focusing on the trade-off between travel time and the risk of receiving a penalty for exceeding the speed limit. This is used to determine when a rational driver will choose to exceed the speed limit. The relationship between speed and income is found again in the empirical analysis of a cross-sectional dataset comprising 60,000 observations of car trips. This is used to perform regressions of speed on income, distance travelled, and a number of controls. The results are clearly statistically significant and indicate an average income elasticity of speed of 0.02; it is smaller at short distances and about twice as large at the longest distance investigated of 200 km.
|Item Type:||MPRA Paper|
|Original Title:||Speed and income|
|Subjects:||R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R4 - Transportation Economics > R41 - Transportation: Demand, Supply, and Congestion ; Travel Time ; Safety and Accidents ; Transportation Noise|
|Depositing User:||Mogens Fosgerau|
|Date Deposited:||07. Jan 2009 01:01|
|Last Modified:||09. Mar 2015 18:55|
Birkeland, M. and M. Fosgerau (1999): Personbilers Energieffektivitet. Trafikdage på Aalborg Universitet, www.trafikdage.dk.
Danmarks Statistik (2000): Transport 2000.
Danmarks Statistik (2003): Adam databanken. www.dst.dk.
Danmarks TransportForskning (2002): Notat, 130 km/t på motorveje.
Danmarks TransportForskning (2003): Transportvaneundersøgelsen, www.dtf.dk/tu.
Gander, J. P. (1985): A Utility-Theory Analysis of Automobile Speed under Uncertainty of Enforcement, Transportation Research Part B, 19, 187–95.
Greene, W. H. (1993): Econometric Analysis, second edition, Prentice Hall, New Jersey.
Hakim, S. and D. Shefer (1991): A Critical Review of Macro Models for Road Accidents, Accident Analysis and Prevention, 23, 379–400.
Rienstra, S. A. and P. Rietveld (1996): Speed Behaviour of Car Drivers: a Statistical Analysis of Acceptance of Changes in Speed Policies in the Netherlands, Transportation Research Part D, 1, 97–110.
Rietveld, P. and D. Shefer (1998): Speed Choices, Speed Variance and Speed Limits; a Second Best Instrument to Correct for Road Transport Externalities, Journal of Transport Economics and Policy, 32, 187–202.
Rigspolitichefen (various years): Politiets Årsberetning.
Scuffham, P. A. and J. D. Langley (2002): A Model of Traffic Crashes in New Zealand, Accident Analysis and Prevention, 34, 673–87.
Shinar, D., E. Schechtman, and R. Compton (2001): Self-reports of Safe Driving Behaviors in Relationship to Sex, Age, Education and Income in the US Adult Driving Population, Accident Analysis and Prevention, 33, 111–6.
Vejdirektoratet (1996): Hastighedsrapport. Rapport nr. 49.
Vejdirektoratet (2000): Hastighedsrapport. Rapport nr. 202.
White, H. (1980): A Heteroskedasticity-Consistent Covariance Matrix and a Direct Test for Heteroskedasticity, Econometrica, 48, 817–38.
Wooldridge, J. M. (2002): Econometric Analysis of Cross Section and Panel Data. MIT Press.
Zlatoper, T. J. (1991): Determinants of Motor Vehicle Deaths in the United States, Accident Analysis and Prevention, 23, 431–6.