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Towards a Welfare Enhancing Process to Manage Railway Infrastructure Access
Swedish National Road and Transport Research Institute, Society, environment and transport, Transport economics Stockholm.ORCID iD: 0000-0002-5814-917X
2002 (English)In: Transportation Research Part A: Policy and Practice, ISSN 0965-8564, E-ISSN 1879-2375, Vol. 36, no 5, 419-436 p.Article in journal (Refereed) Published
Abstract [en]

The European Commission has suggested that the use of scarce railway track capacity should be charged for on a marginal cost basis and that a welfare enhancing procedure to allocate capacity between competing operators is to be implemented. The present paper presents a practicable way to deal with these challenges. Two issues are at the analytical core of the problem.

First, in order to prioritise, accurate information is required about the operators' willingness-to-pay for track access; to this end, an auctioning procedure has been developed. Secondly, an approach to handle the technically complex optimisatton problem is needed so that 'reasonably' optimal allocations, given the 'accurate' information, can be established; dual optimisation is suggested as the remedy. Recent experiences from the US auctioning of radio-wave frequencies are cited as supporting evidence for the rationale of the approach.

Place, publisher, year, edition, pages
Elsevier, 2002. Vol. 36, no 5, 419-436 p.
Keyword [en]
Railway, Accessibility, Transport network, Organization, Capacity, Allocation, Price, Optimum
National Category
Economics
Research subject
J00 Railway: General works, surveys, comprehensive works, J13 Railway: Economics
Identifiers
URN: urn:nbn:se:vti:diva-323DOI: 10.1016/S0965-8564(01)00011-8ISI: 000174917500003OAI: oai:DiVA.org:vti-323DiVA: diva2:666043
Available from: 2013-11-21 Created: 2013-11-21 Last updated: 2016-09-01Bibliographically approved

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Transport economics Stockholm
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CiteExportLink to record
Permanent link

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Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf