TY  - JOUR
PY  - 2013//
TI  - A review of recent theoretical and empirical analyses of asymmetric information in road safety and automobile insurance
JO  - Research in transportation economics
A1  - Dionne, Georges
A1  - Michaud, Pierre-Carl
A1  - Pinquet, Jean
SP  - 85
EP  - 97
VL  - 43
IS  - 1
N2  - Road safety policies and automobile insurance contracts often use incentive mechanisms based on traffic violations and accidents to promote safe driving. Can these mechanisms improve road safety efficiently? Do they reduce asymmetric information between drivers and insurers and regulators? In other words, is there residual asymmetric information in observed distributions of accidents and infractions? We answer these questions in this article by reviewing recent theoretical and empirical results that rest on various data and methodologies. We present recent tests related to the identification of residual asymmetric information in road safety management and in automobile insurance contracting. We also propose a theoretical analysis of the foundations of point-record driver's licenses observed around the world.<p />
LA  - en
SN  - 0739-8859
UR  - http://dx.doi.org/10.1016/j.retrec.2012.12.006
ID  - ref1
ER  -