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Dynamics in rail infrastructure provision: Maintenance and renewal costs in Sweden
Swedish National Road and Transport Research Institute, Society, environment and transport, Transport economics.
2018 (English)In: Economics of Transportation, ISSN 2212-0122, E-ISSN 2212-0130Article in journal (Refereed) In press
Abstract [en]

In this paper, we extend to the literature on marginal wear and tear cost estimation in railways, by applying a panel vector autoregressive model to rail infrastructure renewals and maintenance costs, using an extensive dataset from Sweden. This study is significant given the inherent difficulties in modelling the substantial renewals element of infrastructure costs, as well as the need to account for the dynamics in renewals and maintenance. The dynamic model allows us to estimate equilibrium cost elasticities with respect to train usage, which are significantly larger than their static counterparts. Overall, this work highlights that dynamics in rail infrastructure costs are important to consider when setting track access charges with respect to the wear and tear caused by traffic. This is particularly important given several countries, for example France, Sweden and Switzerland, are now setting access charges at marginal costs based on econometric studies.

Place, publisher, year, edition, pages
2018.
Keywords [en]
Railway, Maintenance, Cost, Wear, Prediction, Dynamics, Mathematical model
National Category
Economics
Research subject
J00 Railway: General works, surveys, comprehensive works, J01 Railway: Railway track; J00 Railway: General works, surveys, comprehensive works, J13 Railway: Economics
Identifiers
URN: urn:nbn:se:vti:diva-12789DOI: 10.1016/j.ecotra.2018.01.001OAI: oai:DiVA.org:vti-12789DiVA, id: diva2:1185416
Available from: 2018-02-24 Created: 2018-02-24 Last updated: 2018-05-18Bibliographically approved

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Odolinski, Kristofer

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  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
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  • asciidoc
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