Point-System Driving Licence: Was it Really Necessary?

Carlo Rosa

Rivista Internazionale di Scienze Sociali, 2005, vol. 113, issue 3, 477-485

Abstract: In Italy, in July 2003, a new highway code came into force. Among other things, it posits a «revolutionary » point-system driving licence. This paper analyses optimal punishment schemes and shows that a simpler policy intervention, such as a dynamic increase in the size of the pecuniary sanctions, could have induced the same outcome.

Keywords: optimal punishment scheme; equivalence theorem; memory property. (search for similar items in EconPapers)
JEL-codes: D61 K40 (search for similar items in EconPapers)
Date: 2005
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