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Contract design and performance of railway maintenance: Effects of incentive intensity and performance incentive schemes
Swedish National Road and Transport Research Institute, Society, environment and transport, Transport economics.
2019 (English)In: Economics of Transportation, ISSN 2212-0122, E-ISSN 2212-0130, Vol. 18, p. 50-59Article in journal (Refereed) Published
Abstract [en]

In this paper we study the effect of contract design on the performance of railway maintenance in Sweden, using a panel data set over the period 2003-2013. The effect of incentive intensity is estimated, showing that the power of incentive schemes improve performance as measured by the number of infrastructure failures. In addition, we show that the structure of the performance incentive schemes has resulted in a reallocation of effort from failures not causing train delays to failures causing train delays, with a substantial increase in the former type of failures. This signals a deteriorating asset condition, which highlights the need to consider the long-term effects of this incentive structure. Overall, this work shows that the design of the incentive structures has a large impact on the performance of maintenance, and that the estimated effects are important to consider when assessing contract designs within this field.

Place, publisher, year, edition, pages
ELSEVIER SCIENCE BV , 2019. Vol. 18, p. 50-59
National Category
Transport Systems and Logistics
Identifiers
URN: urn:nbn:se:vti:diva-14005DOI: 10.1016/j.ecotra.2019.05.001ISI: 000470120800005Scopus ID: 2-s2.0-85066439189OAI: oai:DiVA.org:vti-14005DiVA, id: diva2:1343715
Available from: 2019-08-19 Created: 2019-08-19 Last updated: 2019-08-19Bibliographically approved

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Odolinski, Kristofer

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