Impact of formal and informal deterrents on driving behavior

This paper explores, using panel data of traffic accidents in Japan, how formal and informal deterrence affect driving manners. I found through fixed effects and fixed effects 2SLS estimations that formal deterrents, such as police, cause drivers to drive attentively but that this effect is not inversely associated with dangerous driving. Informal deterrents, on the other hand, impede dangerous driving but do not induce drivers to drive more attentively.