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Where the Rubber Meets the Road: Pavement Damage Reduces Traffic Safety and Speed / Margaret Bock, Alexander Cardazzi, Brad R. Humphreys.

NBER Working papers Available online

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Format:
Book
Author/Creator:
Bock, Margaret.
Contributor:
National Bureau of Economic Research.
Cardazzi, Alexander.
Humphreys, Brad R.
Series:
Working Paper Series (National Bureau of Economic Research) no. w29176.
NBER working paper series no. w29176
Language:
English
Physical Description:
1 online resource: illustrations (black and white);
Place of Publication:
Cambridge, Mass. National Bureau of Economic Research 2021.
Summary:
Road maintenance constitutes a significant component of public transportation spending at all levels of government. Formulation of efficient transportation infrastructure policy requires information about factors affecting road and traffic conditions. We generate the first causal evidence that decreasing pavement quality impacts vehicle crash rates and decreases average speed. Results from Instrumental Variable models using spatially and temporally disaggregated data from Federal-Aid Highway System (FAHS) roads in California show statistically and economically significant increases in vehicle crash rates and decreases in average vehicle speed caused by road damage. These impacts imply significant increases in social costs attributable to road damage.
Notes:
Print version record
August 2021.

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