Tang, Cheng Keat (2017) Do speed cameras save lives? SERC Discussion Papers (SERCDP221). Spatial Economics Research Centre, London School of Economics and Political Science, London, UK.
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Abstract
I evaluate whether speed enforcement cameras reduce the number and severity of traffic accidents by penalizing drivers for exceeding speed limits. Relying on micro data on accidents and speed cameras across Great Britain, I find that installing these devices significantly enhance road safety. Putting another 1,000 cameras reduce around 1130 collisions, 330 serious injuries, and save 190 lives annually, generating net benefits of around £21 million. However, these effects are highly localised around the camera and dissipate over distance, and there is suggestive evidence of more collisions away from the camera, illustrating the possible limitations associated with fixed speed cameras
| Item Type: | Monograph (Discussion Paper) |
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| Official URL: | http://www.spatialeconomics.ac.uk/ |
| Additional Information: | © 2017 The Author |
| Divisions: | Spatial Economics Research Centre Centre for Economic Performance |
| Subjects: | H Social Sciences > HD Industries. Land use. Labor > HD61 Risk Management |
| JEL classification: | H - Public Economics > H2 - Taxation, Subsidies, and Revenue > H23 - Externalities; Redistributive Effects; Environmental Taxes and Subsidies I - Health, Education, and Welfare > I1 - Health > I18 - Government Policy; Regulation; Public Health R - Urban, Rural, and Regional Economics > R4 - Transportation Systems > R41 - Transportation: Demand, Supply, and Congestion; Safety and Accidents; Transportation Noise |
| Date Deposited: | 29 Jan 2018 16:44 |
| Last Modified: | 11 Dec 2024 19:26 |
| Funders: | Economic and Social Research Council |
| URI: | http://eprints.lse.ac.uk/id/eprint/86567 |
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