"Rubbin' is racin'': evidence of the Peltzman effect from NASCAR

In: Public choice, Band 142, Heft 3-4, S. 507-513

Abstract

The Peltzman Effect is a well known and controversial theory in the literature. Studies have struggled to find a dataset that can accurately test for the presence of the effect. We have created a unique dataset and use a natural experiment from the sport of stock car racing to test the theory. Using race-level data from NASCAR events, we find strong evidence that a major safety regulation has led to more on-track accidents and an increased risk to both spectators and pit crew members. Adapted from the source document.