Odolinski, K orcid.org/0000-0001-7852-403X and Nilsson, J-E (2017) Estimating the marginal maintenance cost of rail infrastructure usage in Sweden; does more data make a difference? Economics of Transportation, 10. pp. 8-17. ISSN 2212-0122
Abstract
This paper updates knowledge about the marginal cost of railway maintenance. Using a panel dataset comprising 16 years, we test whether more data makes a difference to conclusions. In contrast to previous estimates using a shorter panel, maintenance costs are now demonstrated to exhibit a positive dynamic effect; an increase in maintenance cost during one year indicates the need for more maintenance also the next year. Moreover, the marginal cost from the dynamic model is larger than its static counterpart. We conclude that the use of dynamic models on longer time series may have charging implications in several EU member states, considering that their track access charges are based on econometric studies that use static models and short panel datasets.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | ©2017 Elsevier Ltd. All rights reserved. This is an author produced version of an article, published in Economics of Transportation. Uploaded in accordance with the publisher's self-archiving policy. |
Keywords: | Marginal cost; Rail infrastructure; Maintenance; Dynamic model; Track access charges |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Environment (Leeds) > Institute for Transport Studies (Leeds) > ITS: Economics and Discrete Choice (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 07 Apr 2021 10:29 |
Last Modified: | 07 Apr 2021 10:29 |
Status: | Published |
Publisher: | Elsevier |
Identification Number: | 10.1016/j.ecotra.2017.05.001 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:172755 |
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Filename: Manuscript_Marginal cost of rail infrastructure maintenance.pdf
Licence: CC-BY-NC-ND 4.0