A Framework for Assessing the Marginal External Accident Cost of Road Use and its Implications for Insurance Ratemaking
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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The external accident cost of road use is a function of the marginal relationship between road use and accidents, as expressed, for instance, by the elasticity. This elasticity is, however, not necessarily constant, but may be assumed to depend on the traffic volume as seen in relation to road capacity. Dense or congested traffic may force speed...
