The marginal cost for pavement renewal - a duration analysis approach

Mattias Haraldsson ()
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Mattias Haraldsson: VTI, Postal: Dept. of Transport Economics, P.O. Box 55685, SE-102 15 Stockholm, Sweden

No 2007:8, Working Papers from Swedish National Road & Transport Research Institute (VTI)

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 (search for similar items in EconPapers)
JEL-codes: R40 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2007-09-03
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:hhs:vtiwps:2007_008

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