Speed and income
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Speed and income. / Fosgerau, Mogens.
I: Journal of Transport Economics and Policy, Bind 39, Nr. 2, 05.2005, s. 225-240.Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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TY - JOUR
T1 - Speed and income
AU - Fosgerau, Mogens
PY - 2005/5
Y1 - 2005/5
N2 - 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.
AB - 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.
UR - http://www.scopus.com/inward/record.url?scp=20444482459&partnerID=8YFLogxK
M3 - Journal article
AN - SCOPUS:20444482459
VL - 39
SP - 225
EP - 240
JO - Journal of Transport Economics and Policy
JF - Journal of Transport Economics and Policy
SN - 0022-5258
IS - 2
ER -
ID: 181873118