Traffic Safety and Vehicle Choice: Quantifying the Effects of the "Arms Race" on American Roads

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Li, Shanjun;
  • Subject: accident externality, automobile demand, random coefficient demand model

The increasing market share of light trucks in the U.S. in recent years has been characterized as an “arms race” where individual purchase of light trucks for better self-protection in collisions nevertheless leads to worse traffic safety for the society. This paper inv... View more
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