EVALUATION OF PUBLIC ROAD TRAFFIC SAFETY MEASURES AND METHODS WITH COST-BENEFIT ANALYSIS
Abstract
This article takes a look at public costs and benefits, generated by the application of road traffic safety measures and methods. It describes the cost-benefit analysis approach to evaluating their effectiveness. The article defines the nexus of political decisions concerning road traffic safety, measures taken, methods applied, and results achieved. It elaborates on the correlation between reduced number of dead, injured and material damages, on the one hand, and increased public welfare, on the other.
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