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The Microeconomic Analysis of the External Costs of Road Accidents

Bibliographic Data

ID9724480
AuthorsJohn Peirson (University of Kent), Ian Skinner (UCL Australia), Roger Vickerman (0000-0003-4258-8474, University of Kent)
Year1998
Volume65
Issue259
Pages429-440
Publication date1998-08-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueEconomica (JOURNAL)
Journal identifiersISSN: 0013-0427 • E-ISSN: 1468-0335
PublisherWiley (PUBLISHER • GB)
DOI10.1111/1468-0335.00137
OpenAlexW1512842769
LanguageEN
Citations received4

A disaggregated model of the marginal external costs of road accidents imposed by different road users is developed. The model explicitly specifies the adjustment of road users to increases in accident risks imposed by additional road use and is used to estimate the marginal external costs of road accidents. The results, under certain assumptions, are up to 50% less than those obtained using the methods of previous studies. However, the adjustment to the increased risks of accidents leads to other costs, such as congestion and reduced pedestrian mobility. These costs should be included in a comprehensive analysis

Business · Economics · Marginal cost · Microeconomics · Pedestrian · Road accident · Transport engineering · Engineering · Traffic and Road Safety · Transportation Planning and Optimization · Urban Transport and Accessibility

  • Estimating the External Costs of UK Passenger Transport

    Open Access•John Peirson, Ian Skinner et al.•Environment and Planning A…•1995

  • The effect of complex models of externalities on estimated optimal tolls

    Open Access•Simon Shepherd, Simon Peter Shepherd•Transportation•2008

  • A behavioural model of traffic congestion

    Open Access•Erik T Verhoef, Jan Rouwendal•Journal of Urban Economics•2004

  • Spatial Variation in Road Pedestrian Casualties

    Open Access•Daniel J Graham, Stephen Glaister•Urban Studies•2003

Unique citing works4
Citations per year0,13
Citation span1995 - 2008 (14)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 3

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