Link-based Internal and Full Cost Analysis

Mengying Cui and David Levinson

No 173, Working Papers from University of Minnesota: Nexus Research Group

Abstract: This paper develops a link-based full cost model, which identifies the key cost components of travel, including both internal and external versions of cost, and gives a link-based cost estimate. The key cost components for travelers are categorized as time cost, emission cost, crash cost, user monetary cost, and infrastructure cost. Selecting the Minneapolis - St. Paul (Twin Cities) Metropolitan region as the study area, the estimates show that the average full cost of travel is $0.68/veh-km, in which the time and user monetary costs account for approximately 85% of the total. Except for the infrastructure cost, highways are more cost-effective than other surface roadways considering all the other cost components, as well as the internal and full costs.

Keywords: full cost; internal costs; external costs; double counting (search for similar items in EconPapers)
JEL-codes: D62 H23 Q50 R20 R40 (search for similar items in EconPapers)
Date: 2018
New Economics Papers: this item is included in nep-tre and nep-ure
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http://hdl.handle.net/2123/18776 First version, 2016 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:nex:wpaper:linkbasedfullcost

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