Working Papers, Swedish National Road & Transport Research Institute (VTI)
No 2007:11:
Fixed Effects Estimation of Marginal Railway Infrastructure Costs in Sweden
Mats Andersson ()
Abstract: New railway legislation in Sweden has increased the need
for transparent access charges on the Swedish railway network. We estimate
cost functions for infrastructure operation, maintenance and renewal in the
Swedish national railway network, using unobserved effects models and
calculate marginal costs for railway infrastructure wear and tear. We find
evidence of unobserved fixed effects at a track section level for
infrastructure operation and maintenance costs. The estimated weighted
average marginal infrastructure operation cost is SEK 0.12 per train
kilometre and the estimated marginal maintenance cost is SEK 0.0073 per
gross tonne kilometre. Altogether, the results indicate that the current
charge for railway infrastructure wear and tear in Sweden is below marginal
cost.
Keywords: Railway; Infrastructure operation; Maintenance; Renewal; Marginal costs; Fixed effects; (follow links to similar papers)
JEL-Codes: C23; H54; L92; R48; (follow links to similar papers)
28 pages, April 25, 2007
This paper replaces 2006:6.
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