The role of road pricing in travel demand management and congestion mitigation has been gaining s... more The role of road pricing in travel demand management and congestion mitigation has been gaining support in many countries. Although the theory of congestion pricing is persuasive and straightforward, successful application of road pricing mandates that congestion externalities be estimated. Using data from a recent traffic survey in Singapore, this paper estimates congestion prices for alternative time values and vehicle types. These estimates are compared with the existing cost of area licenses, from which implications for economic efficiency and resource allocation are drawn.
Department of Economics and Marketing Discussion Paper No.22 A Nested Logit Model of Vehicle Fuel... more Department of Economics and Marketing Discussion Paper No.22 A Nested Logit Model of Vehicle Fuel Efficiency and Make-Model Choice Patrick S McCarthy Richard S Tay September 1996 Department of Economics and Marketing PO Box 84 Lincoln University ...
The increasing proportion of older persons in the population has significant implications for mob... more The increasing proportion of older persons in the population has significant implications for mobility in the US and the safety performance of the US highway system. Health problems, loss of dexterity, medication, and slower reaction times are among the factors that affect older-driver-involved highway safety. Based upon time-series data from January 1981 through December 1998 for California, this study estimates
ABSTRACT This paper examines recent work on the effect of motor vehicle speed limits on highway s... more ABSTRACT This paper examines recent work on the effect of motor vehicle speed limits on highway speeds and highway safety. The review is empirical and concentrates on identifying the quantitative effects that changes in regulatory speed limit policies on interstate and non-interstate roads have on the distribution of speeds and traffic safety. Among the findings, small speed limit changes on non-limited-access roads will have little effect on speed distribution and highway safety unless complemented with speed-reducing actions. Also, the 10 mph increase in rural interstate speed limits increased nationwide mean speed and speed variance by < 4 and 1 mph respectively. Further, notwithstanding higher rural interstate speed limits leading to speed adaptation on non-affected roads, the evidence is consistent with a zero system-wide effect. Implications for further research relate to the importance of controlling for confounding factors, aggregation, the use of alternative methodologies, and the importance of enforcement in affecting speed distributions and highway safety.
This study investigates whether recreational boating safety investments and behaviours of current... more This study investigates whether recreational boating safety investments and behaviours of current interest are determinants of boating injury severity, and if so, their effects. An ordered probit analysis of 1989-1993 boating accidents suggests that human capital investments in safety, in the form of operator boating experience and formal instruction, reduce both operator and passenger injury severity. Higher levels of operator
ABSTRACT The relationship between deregulation in the trucking industry and highway safety is an ... more ABSTRACT The relationship between deregulation in the trucking industry and highway safety is an important economic and social issue. Analyses thus far have concentrated on the relationship between the downward pressure imposed on freight rates by deregulation and total safety investment by firms. Two issues which have been ignored are the effects that deregulation had on route carriage restrictions and total firm mileage. The authors show that the inclusion of these factors yields a model in which the relationship between motor carrier deregulation and highway safety is dependent upon the relative effects of all three factors. Estimation of the model using accident data implies that trucking deregulation did not deteriorate highway safety and may have actually improved it. Copyright 1991 by Kluwer Academic Publishers
The role of road pricing in travel demand management and congestion mitigation has been gaining s... more The role of road pricing in travel demand management and congestion mitigation has been gaining support in many countries. Although the theory of congestion pricing is persuasive and straightforward, successful application of road pricing mandates that congestion externalities be estimated. Using data from a recent traffic survey in Singapore, this paper estimates congestion prices for alternative time values and vehicle types. These estimates are compared with the existing cost of area licenses, from which implications for economic efficiency and resource allocation are drawn.
Department of Economics and Marketing Discussion Paper No.22 A Nested Logit Model of Vehicle Fuel... more Department of Economics and Marketing Discussion Paper No.22 A Nested Logit Model of Vehicle Fuel Efficiency and Make-Model Choice Patrick S McCarthy Richard S Tay September 1996 Department of Economics and Marketing PO Box 84 Lincoln University ...
The increasing proportion of older persons in the population has significant implications for mob... more The increasing proportion of older persons in the population has significant implications for mobility in the US and the safety performance of the US highway system. Health problems, loss of dexterity, medication, and slower reaction times are among the factors that affect older-driver-involved highway safety. Based upon time-series data from January 1981 through December 1998 for California, this study estimates
ABSTRACT This paper examines recent work on the effect of motor vehicle speed limits on highway s... more ABSTRACT This paper examines recent work on the effect of motor vehicle speed limits on highway speeds and highway safety. The review is empirical and concentrates on identifying the quantitative effects that changes in regulatory speed limit policies on interstate and non-interstate roads have on the distribution of speeds and traffic safety. Among the findings, small speed limit changes on non-limited-access roads will have little effect on speed distribution and highway safety unless complemented with speed-reducing actions. Also, the 10 mph increase in rural interstate speed limits increased nationwide mean speed and speed variance by < 4 and 1 mph respectively. Further, notwithstanding higher rural interstate speed limits leading to speed adaptation on non-affected roads, the evidence is consistent with a zero system-wide effect. Implications for further research relate to the importance of controlling for confounding factors, aggregation, the use of alternative methodologies, and the importance of enforcement in affecting speed distributions and highway safety.
This study investigates whether recreational boating safety investments and behaviours of current... more This study investigates whether recreational boating safety investments and behaviours of current interest are determinants of boating injury severity, and if so, their effects. An ordered probit analysis of 1989-1993 boating accidents suggests that human capital investments in safety, in the form of operator boating experience and formal instruction, reduce both operator and passenger injury severity. Higher levels of operator
ABSTRACT The relationship between deregulation in the trucking industry and highway safety is an ... more ABSTRACT The relationship between deregulation in the trucking industry and highway safety is an important economic and social issue. Analyses thus far have concentrated on the relationship between the downward pressure imposed on freight rates by deregulation and total safety investment by firms. Two issues which have been ignored are the effects that deregulation had on route carriage restrictions and total firm mileage. The authors show that the inclusion of these factors yields a model in which the relationship between motor carrier deregulation and highway safety is dependent upon the relative effects of all three factors. Estimation of the model using accident data implies that trucking deregulation did not deteriorate highway safety and may have actually improved it. Copyright 1991 by Kluwer Academic Publishers
Uploads
Papers by Patrick McCarthy