he Effect of Personal Characteristics on Drivers’ Speed Selection: An Economic Approach

he Effect of Personal Characteristics on Drivers’ Speed Selection: An Economic Approach

This paper develops simple models of drivers' speed selection behaviour both with and without the influence of speed limits using data from a section of rural road in Norway. The results indicate the importance of a number of personal characteristics on drivers' speed selection behaviour, including age, driving experience, attitudes towards travel time savings, and perceptions of enforcement and penalties. Moral hazard effects may also be present.

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