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Michael Berlemann and Andreas Matthes
''Fasten seat belts: Do car safety systems cause positive externalities?''
( 2011, Vol. 31 No.4 )
Although traffic safety belongs to the quite intensively regulated sectors, there has been little discussion about the adequacy of the arguments underlying these regulations. We argue that passive and active car safety systems might cause positive externalities for other traffic participants and present empirical evidence in favour of this hypothesis.
Keywords: car safety, externalities, regulation
JEL: L5 - Regulation and Industrial Policy: General
K2 - Regulation and Business Law: General
Manuscript Received : Sep 14 2011 Manuscript Accepted : Oct 16 2011

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