@article{79104fb4-2758-4521-b08f-279f5b4f79eb,
  abstract     = {{<p>Germany remains the only large country in the world without a general speed limit on highways. One of the main arguments for this policy is that lower speeds represent a travel time cost that is not outweighed by benefits, such as a reduction in greenhouse gas emissions. As transport decision making in the European Union is based on cost-benefit analysis (CBA), this paper compares the value of travel time, fuel consumption, infrastructure, crashes, carbon dioxide (CO<sub>2</sub>), and air pollution. Results suggests that, at the low end of the estimate, a 130 kph speed limit will generate welfare gains in the order of 950 million Euro per year. The ‘no speed limit’ policy consequently represents a subsidy forwarded to fast drivers. The paper also discusses the views of the public vis-à-vis automobile lobbies, and the relevance of Germany's climate change mitigation law, mandating that transport systems be decarbonized. The CBA suggests that a 130 kph speed limit is a policy field where environmental concerns, positive economic effects, and public opinion can be aligned.</p>}},
  author       = {{Gössling, Stefan and Kees, Jessica and Litman, Todd and Humpe, Andreas}},
  issn         = {{0921-8009}},
  keywords     = {{Highways; Speed limit; Traffic safety; Transport economics; Transport politics}},
  language     = {{eng}},
  publisher    = {{Elsevier}},
  series       = {{Ecological Economics}},
  title        = {{The economic cost of a 130 kph speed limit in Germany}},
  url          = {{http://dx.doi.org/10.1016/j.ecolecon.2023.107850}},
  doi          = {{10.1016/j.ecolecon.2023.107850}},
  volume       = {{209}},
  year         = {{2023}},
}