Experimental Economics and Game Theory Seminar for March 6

Events, Seminars | February 28, 2020

Join us for the ICES Seminar in Experimental Economics and Game Theory of the Spring 2020 semester, featuring Veronica Grembi.

Dr. Blanco, of Princeton University and University of Milan, will discuss her paper The Political Cycle of Road Traffic Accidents (Abstract). The talk will take place on Friday, March 6th, from 4:00 to 5:00pm in room 5183 of Vernon Smith Hall, Arlington campus.
Visit the Seminar schedule to access the paper and to learn more about upcoming speakers.

Abstract

Road traffic accidents mean lost productivity and medical expenditures. We explain trends in traffic accidents as a function of the political cycle using municipal data from Italy. We show that during municipal election years, the accident rate increases by 1.5%, with a 3% increase in the injury rate but no effect on the fatality rate. The effects are stronger in the two quarters prior to the election quarter, when the electoral campaign is at its zenith, and in the second quarter after the election, when the elected mayor takes office. We argue that this is the result of a decrease in ticket rates during election years, while expenditures in road safety increase. Our results are robustly driven by the municipal political cycle defined in different ways, and their magnitude and direction are not explained by spillover effects between municipalities. Proximity to a national police station reduces the impact of local elections on injury rates.

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