Working Papers,
Swedish National Road & Transport Research Institute (VTI)

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

JEL-codes: C33; H54; L92; R48

29 pages, April 26, 2007

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Published as

Mats Andersson, (2008), 'Marginal Railway Infrastructure Costs in a Dynamic Context', European Journal of Transport Infrastructure Research (http://www.ejtir.tbm.tudelft.nl/), vol 8, no 4, pages 268-286

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