Penalty Schedules and the Optimal Speed Limit

Ricardo Rodriguez
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Ricardo Rodriguez: University of Miami, Coral Gables

Eastern Economic Journal, 1990, vol. 16, issue 1, 59-64

Abstract: This paper incorporates the penalty schedule associated with the enforcement of a speed limit into the analysis of speed choice. If inadequately formulated, a penalty schedule may induce drivers to increase their speed relative to their unrestricted choice. It is always possible, however, to design a penalty schedule such that drivers will reduce their speed. It is also possible to induce total compliance with the speed limit.

Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:eej:eeconj:v:16:y:1990:i:1:p:59-64

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