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A note on Peltzman's theory of offsetting consumer behavior |
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| Authors: | Christopher Garbacz |
| Institution: | University of Missouri, Rolla, MO 65401, USA |
| Abstract: | A re-estimation of the basic Peltzman (1975) model using a richer data set strongly indicates that mandated automobile safety legislation has been important in reducing traffic fatalities. There is little or no evidence of offsetting consumer behavior. |
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