A NTUA Diploma Thesis titled “Cost-benefit analysis of reducing speed limits on Greek highways” was recently presented by Michalis Nikolaou. For this reason, participants evaluated choices based on travel time, fuel consumption, and accident risk. Three scenarios were analyzed: (I) reducing the speed limit from 130 to 120 km/h, (II) reducing it to 110 km/h, and (III) no change, using binary and multinomial logistic regression models. To assess economic viability, a Cost-Benefit Analysis (CBA) was conducted for the period 2023-2033. This study provides valuable insights for policymakers and stakeholders, offering an in-depth understanding of public perception and acceptance of lower speed limits, which is crucial for developing effective and widely accepted road safety interventions in Greece.
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