Pounds That Kill: The External Costs of Vehicle Weight

Heavier vehicles are safer for their own occupants but more hazardous for other vehicles. Simple theory thus suggests that an unregulated vehicle fleet is inefficiently heavy. Using three separate identification strateg...

Ausführliche Beschreibung

Bibliographische Detailangaben
Veröffentlicht in:	The Review of Economic Studies. - Review of Economic Studies Ltd.. - 81(2014), 2 (287), Seite 535-571
1. Verfasser:	ANDERSON, MICHAEL L. (VerfasserIn)
Weitere Verfasser:	AUFFHAMMER, MAXIMILIAN
Format:	Online-Aufsatz
Sprache:	English
Veröffentlicht:	2014
Zugriff auf das übergeordnete Werk:	The Review of Economic Studies
Schlagworte:	Applied sciences Biological sciences Economics Political science Behavioral sciences Health sciences


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100	1		\|a ANDERSON, MICHAEL L. \|e verfasserin \|4 aut
245	1	0	\|a Pounds That Kill: The External Costs of Vehicle Weight
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520			\|a Heavier vehicles are safer for their own occupants but more hazardous for other vehicles. Simple theory thus suggests that an unregulated vehicle fleet is inefficiently heavy. Using three separate identification strategies we show that, controlling for own-vehicle weight, being hit by a vehicle that is 1000 pounds heavier generates a 40-50% increase in fatality risk. These results imply a total accidentrelated externality that exceeds the estimated social cost of US carbon emissions and is equivalent to a gas tax of $0.97 per gallon ($136 billion annually). We consider two policies for internalizing this external cost, a weight-varying mileage tax and a gas tax, and find that they are similar for most vehicles. The findings suggest that European gas taxes may be much closer to optimal levels than the US gas tax.
540			\|a © The Review of Economic Studies Ltd 2014
650		4	\|a Applied sciences \|x Engineering \|x Transportation \|x Vehicles \|x Vehicle weight
650		4	\|a Biological sciences \|x Biology \|x Developmental biology \|x Life cycle \|x Death
650		4	\|a Applied sciences \|x Engineering \|x Transportation \|x Transportation modes \|x Ground transportation \|x Ground vehicles \|x Motor vehicles \|x Automobiles
650		4	\|a Applied sciences \|x Engineering \|x Transportation \|x Transportation modes \|x Ground transportation \|x Ground vehicles \|x Motor vehicles \|x Trucks
650		4	\|a Economics \|x Microeconomics \|x Economic costs and benefits \|x Economic externalities \|x Negative externalities
650		4	\|a Political science \|x Government \|x Governance \|x Taxation \|x Taxes \|x Excise taxes \|x Gasoline taxes
650		4	\|a Applied sciences \|x Engineering \|x Transportation \|x Transportation modes \|x Ground transportation \|x Ground vehicles \|x Motor vehicles \|x Trucks \|x Light trucks
650		4	\|a Applied sciences \|x Engineering \|x Transportation \|x Transportation engineering \|x Traffic engineering \|x Traffic estimation
650		4	\|a Behavioral sciences \|x Sociology \|x Human societies \|x Public safety \|x Accidents \|x Traffic accidents \|x Automobile accidents
650		4	\|a Health sciences \|x Medical conditions \|x Physical trauma
655		4	\|a research-article
700	1		\|a AUFFHAMMER, MAXIMILIAN \|e verfasserin \|4 aut
773	0	8	\|i Enthalten in \|t The Review of Economic Studies \|d Review of Economic Studies Ltd. \|g 81(2014), 2 (287), Seite 535-571 \|w (DE-627)311815146 \|w (DE-600)2009656-2 \|x 1467937X \|7 nnns
773	1	8	\|g volume:81 \|g year:2014 \|g number:2 (287) \|g pages:535-571
856	4	0	\|u https://www.jstor.org/stable/43551573 \|3 Volltext
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952			\|d 81 \|j 2014 \|e 2 (287) \|h 535-571