Abstract
Traffic light running is a violation of Highway Code that endangers the offender as well as other road users. The consequences of crash risk induced by this reckless behavior can be interpreted as a social cost and call for public intervention. Several tools are available for policy makers to enforce traffic light obedience. However, the cost of public intervention must be in line with the social cost of violations.
Although there is a sizable literature dealing with traffic light running, researchers generally focus on the predictors of such behavior and the impact of the countermeasures. This entry presents a literature overview from an economic perspective and proposes an economic analysis of traffic light violations and their regulation.
The author thanks E. Kemel for comments and suggestions on a previous version. The usual caveat applies.
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Carnis, L. (2014). Traffic Lights Violations. In: Backhaus, J. (eds) Encyclopedia of Law and Economics. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-7883-6_588-1
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DOI: https://doi.org/10.1007/978-1-4614-7883-6_588-1
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Latest
Red Light Running- Published:
- 22 July 2020
DOI: https://doi.org/10.1007/978-1-4614-7883-6_588-2
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Original
Traffic Lights Violations- Published:
- 04 November 2014
DOI: https://doi.org/10.1007/978-1-4614-7883-6_588-1