@article{ref1,
title="Does the red flag rule induce risk taking in sprint finishes? Moral hazard crashes in cycling's grand tours",
journal="Journal of sports economics",
year="2012",
author="Lybbert, Travis J. and Lybbert, Troy C. and Smith, Aaron and Warren, Scott",
volume="13",
number="6",
pages="603-618",
abstract="Sprint finishes in professional cycling are fast, furious, and dangerous. A &quot;red flag rule&quot; (RFR) seeks to moderate the chaos of these finishes, but may induce moral hazard by removing the time penalty associated with crashing. To test for moral hazard, the authors use a 2005 rule change that moved the red flag from 1 km to 3 km from the finish. Data from Europe's Grand Tours indicate that, after the rule change, both the incidence and the size of crashes nearly doubled in the 1-3 km from the finish zone. There was no such increase in crashing rates in the 3-5 km zone.<p /> <p>Language: en</p>",
language="en",
issn="1527-0025",
doi="10.1177/1527002511412077",
url="http://dx.doi.org/10.1177/1527002511412077"
}