So the best solution in this case would have tried to keep the rate of wrecks the same while decreasing the fatality percentage for wrecks? What if cars became safer and auto owners were forced to pay a higher percentage of accident costs out of pocket than before? Would that address the Peltzman Effect or just create another wave of hidden consequences that threw the solution out of balance in a new way?
Really interesting. Interestingly, is this correlation or causation? I'm curious if there are other variables at play. Age of driving population, number of cars on the road, etc. that may play a factor. I support the theory however I would be interested to see the evidence.
Best argument for Libertarianism that I have ever heard, and I am not a Libertarian.
ReplyDeleteSo the best solution in this case would have tried to keep the rate of wrecks the same while decreasing the fatality percentage for wrecks? What if cars became safer and auto owners were forced to pay a higher percentage of accident costs out of pocket than before? Would that address the Peltzman Effect or just create another wave of hidden consequences that threw the solution out of balance in a new way?
ReplyDeleteReally interesting. Interestingly, is this correlation or causation? I'm curious if there are other variables at play. Age of driving population, number of cars on the road, etc. that may play a factor. I support the theory however I would be interested to see the evidence.
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