Estimating costs of traffic crashes and crime : tools for informed decision making.

This paper presents the first comparable comprehensive cost estimates for crashes and crime and applies them to crash and crime evidence data for Michigan to generate dollar losses for the state. An example illustrates how cost estimates can be used to evaluate costs and benefits of crash-reduction and crime-reduction policies in making resource allocation decisions. This paper therefore concludes with an example of how the cost estimates can be used to compare the costs and benefits of competing policies.