Pay-as-you-speed: An economic field-experiment
نویسندگان
چکیده
We report a vehicle-fleet experiment with an economic incentive for keeping within speed limits using a speed-alert device. A traffic insurance scheme was simulated with a monthly bonus during two months reduced by a non-linear speeding penalty. Participants were randomly assigned into four treatment and two control groups. A third control group consists of drivers who had the device and were monitored, but did not participate. We find that participating drivers reduced severe speeding during the first month, but in the second, after having received feedback reports with an account of earned payments, only those given a penalty changed behaviour. (JEL codes: H23, I18, K42, R41)
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