Marginal Railway Infrastructure Costs in a Dynamic Context

Mats Andersson ()
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Mats Andersson: VTI, Postal: Dept. of Transport Economics, P.O. Box 760, SE-781 27 Borlänge, Sweden

No 2007:9, Working Papers from 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 (search for similar items in EconPapers)
JEL-codes: C33 H54 L92 R48 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2007-04-26
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Published in European Journal of Transport Infrastructure Research (http://www.ejtir.tbm.tudelft.nl/), 2008, pages 268-286.

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Persistent link: https://EconPapers.repec.org/RePEc:hhs:vtiwps:2007_009

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