Private Policing and Private Roads: A Coasian Approach to Drunk-Driving Policy

9 Pages Posted: 3 Dec 2007

See all articles by Bruce L. Benson

Bruce L. Benson

Florida State University - Department of Economics; Florida State University College of Law

Abstract

Alcohol-related traffic accidents are externalities, not because of drinking, but because of relatively free access to public roads. Access limits are Coasian (property-rights) policies, but more effective limits will arise if road owners are liable for failing to provide safe roads. This can be achieved by privatizing roads, thereby creating strong incentives to employ innovative private traffic policing.

Suggested Citation

Benson, Bruce L., Private Policing and Private Roads: A Coasian Approach to Drunk-Driving Policy. Economic Affairs, Vol. 27, Issue 4, pp. 30-38, December 2007, Available at SSRN: https://ssrn.com/abstract=1044347 or http://dx.doi.org/10.1111/j.1468-0270.2007.00777.x

Bruce L. Benson (Contact Author)

Florida State University - Department of Economics ( email )

Tallahassee, FL 30306-2180
United States
850-644-7094 (Phone)
850-644-4535 (Fax)

Florida State University College of Law

425 W. Jefferson Street
Tallahassee, FL 32306
United States

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