THE ANNUALIZED SOCIAL COST OF MOTOR-VEHICLE USE IN THE U.S. BASED ON 1990-1991 DATA: SUMMARY OF THEORY, DATA, METHODS, AND RESULTS. IN: THE FULL COSTS AND BENEFITS OF TRANSPORTATION: CONTRIBUTIONS TO THEORY, METHOD AND MEASUREMENT

Abstract

American drivers spend hundreds of billions of dollars each year on highway transportation. They pay for vehicles, maintenance, repair, fuel, lubricant, tires, parts, insurance, parking, tolls, registration, fees, and other items. These expenditures buy Americans considerable personal mobility and economic productivity. This paper first defines social costs of motor vehicle use as the sum of private sector costs, bundled private sector costs, public sector costs, external costs, and personal nonmonetary costs. It then discusses a detailed and comprehensive analysis of the total social cost of motor vehicle use in the United States, briefly reviews recent research, explains the conceptual framework and cost classification, and presents and discusses preliminary cost estimates.

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