A structural model of safety and safety regulation in the truckload trucking industry

Ian Savage*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

10 Scopus citations

Abstract

This paper models public policies to improve safety within a structural model of the truckload trucking industry. The policies are designed to ameliorate the market failures associated with the myopic ignoring of crash costs by some trucking firms, and institutional constraints that prevent full internalization of the costs of crashes. The paper compares two alternative public policies: (1) levying post-crash fines and making shippers bear secondary liability for damages incurred in crashes, and (2) imposition of a minimum safety standard, in conjunction with a requirement to hold insurance, and assessing penalties for non-compliance with the standard.

Original languageEnglish (US)
Pages (from-to)249-262
Number of pages14
JournalTransportation Research Part E: Logistics and Transportation Review
Volume47
Issue number2
DOIs
StatePublished - Mar 2011

Keywords

  • Externalities
  • Liability
  • Safety
  • Standards
  • Trucking

ASJC Scopus subject areas

  • Business and International Management
  • Civil and Structural Engineering
  • Transportation

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