Factors associated with crashes involving taxi owners and non-owners: A case of moral hazard and adverse selection? |
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| Affiliation: | 1. School of Business IT & Logistics, RMIT University, Melbourne, Victoria, Australia;2. Department of Transportation Engineering, University of Seoul, Seoul, South Korea;1. School of Transportation and Logistics, Southwest Jiaotong University, Chengdu 611756, China;2. National United Engineering Laboratory of Integrated and Intelligent Transportation, Southwest Jiaotong University, Chengdu 611756, China;3. National Engineering Laboratory of Integrated Transportation Big Data Application Technology, Southwest Jiaotong University, Chengdu 611756, China;1. Monash Injury Research Institute, Monash University, Australia;2. Mekelle University, Ethiopia;3. Centre for Accident Research and Road Safety, Queensland University of Technology, Australia |
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| Abstract: | Taxis experience a higher risk of a motor vehicle crash partly because of their much higher levels of exposure on the roads. Although several studies have been conducted to examine the factors associated with the frequency and severity of taxi collisions, little research has been conducted to examine the differences in the factors associated with owner taxis and non-owner taxis. This study finds that collisions involving non-owners are more likely to be associated with poor or risky driving behaviors than collisions involving taxi vehicle owners. This result is consistent with the economic principles of moral hazard and adverse selection. Hence, policy makers responsible for traffic safety, taxi regulation or taxi operations should consider measures to reduce these market inefficiencies and improve the safety of not only taxi drivers but all road users. |
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| Keywords: | Taxi industry Taxi ownership Moral hazard Adverse selection Logistic model Road safety |
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