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Srikant Devaraj and Pankaj C Patel
''Gas Prices and Red light Violations in Chicago''
( 2016, Vol. 36 No.3 )
Fuel efficient speeds in the US range between 40 and 50 mph. With increasing gas prices, to maintain fuel efficient speeds, drivers reduce speeds on highways. However, as most urban driving is below 50 mph, a reverse is possible – drivers could increase speeds to increase fuel efficiency. We use the context of running a red light as a decision to speed, a context not driven by lower congestion resulting from higher gas prices. For $1 increase in price of gas per gallon, number of red-light violations in Chicago increased by 5.95 percent. The findings are robust to controlling for daily congestion levels in Chicago.
Keywords: traffic safety, gas prices, red light violations
JEL: R4 - Transportation Systems: General
R1 - General Regional Economics (includes Regional Data)
Manuscript Received : Jun 29 2016 Manuscript Accepted : Sep 29 2016

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