Working Papers, Swedish National Road & Transport Research Institute (VTI)
No 2007:9:
Marginal Railway Infrastructure Costs in a Dynamic Context
Mats Andersson ()
Abstract: In this paper, dynamic aspects of railway infrastructure
operation and maintenance costs in Sweden are explored. Econometric cost
functions are estimated to check the robustness of previous marginal cost
estimates by introducing lags and leads of both dependent and independent
variables. We find support for a forward-looking behaviour within the
Swedish National Rail Administration (Banverket) as both infrastructure
operation and maintenance costs are reduced prior to a major renewal. There
are also indications of both lagged traffic and costs affecting the cost
structure, but these results are more uncertain due to limitations in
data.
Keywords: Railway; Infrastructure Operation; Maintenance; Marginal Costs; Dynamic Panel Data; (follow links to similar papers)
JEL-Codes: C33; H54; L92; R48; (follow links to similar papers)
29 pages, April 26, 2007
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- This paper is published as:
-
Andersson, Mats, (2008), 'Marginal Railway Infrastructure Costs in a Dynamic Context', European Journal of Transport Infrastructure Research (http://www.ejtir.tbm.tudelft.nl/), Vol. 8, December, No. 4, pages 268-286
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