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- W2010477935 abstract "In 1987 the U.S. government allowed states to raise speed limits to 65-mph on some highways. We evaluate the consequences using a resource allocation perspective: the chance to drive faster reallocates traffic from side roads to the safer interstate highways, and a higher speed limit permits highway patrols to shift manpower from speed enforcement to other safety activities. This perspective implies that we should measure the effect of a speed limit by its systemwide rather than its local effects. We do so and find that the fatality rate dropped by 3.49%-5.1% following the speed limit increase. (JEL A10, R40)" @default.
- W2010477935 created "2016-06-24" @default.
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- W2010477935 date "1997-07-01" @default.
- W2010477935 modified "2023-09-25" @default.
- W2010477935 title "RESOURCE ALLOCATION IN PUBLIC POLICY: THE EFFECTS OF THE 65-MPH SPEED LIMIT" @default.
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- W2010477935 doi "https://doi.org/10.1111/j.1465-7295.1997.tb02037.x" @default.
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