Working Papers, Swedish National Road & Transport Research Institute (VTI)
No 2007:8:
The marginal cost for pavement renewal - a duration analysis approach
Mattias Haraldsson ()
Abstract: The wear and tear of an extra vehicle that uses a road
results in advancement of future repavements. This increases the present
value cost of these repavements, which is interpreted as the marginal cost.
Using a large data set covering all pavement renewals on the Swedish
national road network since the 1950s, deterioration elasticities that
express the relation between traffic intensity and the pavement lifetime
are estimated and are then used to compute marginal costs. The elasticities
for heavy goods vehicles and passenger cars are found to be small and
marginal costs are accordingly low.
Keywords: Marginal cost; duration analysis; pavement renewal; (follow links to similar papers)
JEL-Codes: R40; (follow links to similar papers)
23 pages, September 3, 2007
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