Rival political groups argue about the value and effectiveness of speed cameras as a means of influencing

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Rival political groups argue about the value and effectiveness of speed cameras as a means of influencing driver behaviour and improving safety on the roads. An economist is asked to conduct research into the costs and benefits of speed cameras to help decision-making. What sort of factors will the economist have to take into consideration in such research, and what might be the challenges in identifying and quantifying the full range of costs and benefits?

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Economics

ISBN: 9781473768543

5th Edition

Authors: Gregory Mankiw, Mark P. Taylor

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