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Operating costs in Norwegian toll companies: a panel data analysis

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  • Erik Amdal
  • Gunnar Bårdsen
  • Kåre Johansen
  • Morten Welde

    ()

Abstract

The objective of this paper is to ease the planning of new toll projects by providing estimates of operating costs, and to help us make better informed decisions about the design of the toll collection system. To do so we use panel data for Norwegian toll companies to estimate average cost functions. The main results can be summarised as follows. We provide evidence of very important unexploited economies of scale. The estimates cost curves are very steep for traffic levels below the sample mean, and becomes almost entirely flat over a wide range above the sample mean. A higher share of vehicles using on board units will significantly reduce average costs. Competitive tendering will significantly reduce average operating costs by as much as 25 %. Our results also suggest that increased number of lanes, higher debt and passenger charging will increase average operating costs whereas average operating costs are lower for toll cordons compared with other projects.

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File URL: http://hdl.handle.net/10.1007/s11116-007-9122-z
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Bibliographic Info

Article provided by Springer in its journal Transportation.

Volume (Year): 34 (2007)
Issue (Month): 6 (November)
Pages: 681-695

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Handle: RePEc:kap:transp:v:34:y:2007:i:6:p:681-695

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Web page: http://www.springerlink.com/link.asp?id=103007

Related research

Keywords: Operating costs; Road user charging; Toll financing;

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References

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  1. Domberger, Simon & Jensen, Paul, 1997. "Contracting Out by the Public Sector: Theory, Evidence, Prospects," Oxford Review of Economic Policy, Oxford University Press, vol. 13(4), pages 67-78, Winter.
  2. Torres, Marcelo & Morrison Paul, Catherine J., 2006. "Driving forces for consolidation or fragmentation of the US water utility industry: A cost function approach with endogenous output," Journal of Urban Economics, Elsevier, vol. 59(1), pages 104-120, January.
  3. Raux, Charles, 2005. "Comments on 'The London congestion charge: a tentative economic appraisal' ()," Transport Policy, Elsevier, vol. 12(4), pages 368-371, July.
  4. Prud'homme, Rémy & Bocarejo, Juan Pablo, 2005. "The London congestion charge: a tentative economic appraisal," Transport Policy, Elsevier, vol. 12(3), pages 279-287, May.
  5. Moles, Peter & Williams, Geoffrey, 1995. "Privately funded infrastructure in the UK: Participants' risk in the Skye Bridge project," Transport Policy, Elsevier, vol. 2(2), pages 129-134, April.
  6. Hammond, Christopher J., 1999. "The technology of library service provision: a cost function analysis of public library systems in the United Kingdom," Information Economics and Policy, Elsevier, vol. 11(3), pages 271-295, September.
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Citations

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Cited by:
  1. Welde, Morten, 2011. "Demand and operating cost forecasting accuracy for toll road projects," Transport Policy, Elsevier, vol. 18(5), pages 765-771, September.
  2. Eliasson, Jonas, 2009. "A cost-benefit analysis of the Stockholm congestion charging system," Transportation Research Part A: Policy and Practice, Elsevier, vol. 43(4), pages 468-480, May.
  3. Odeck, James, 2008. "How efficient and productive are road toll companies?: Evidence from Norway," Transport Policy, Elsevier, vol. 15(4), pages 232-241, July.
  4. Hamilton, Carl J., 2011. "Revisiting the cost of the Stockholm congestion charging system," Transport Policy, Elsevier, vol. 18(6), pages 836-847, November.
  5. Lauridsen, Henning, 2011. "The impacts of road tolling: A review of Norwegian experience," Transport Policy, Elsevier, vol. 18(1), pages 85-91, January.
  6. Julia Numrich & Sascha Ruja & Stefan Voß, 2012. "Global Navigation Satellite System based tolling: state-of-the-art," Netnomics, Springer, vol. 13(2), pages 93-123, July.
  7. Welde, Morten & Odeck, James, 2011. "The efficiency of Norwegian road toll companies," Utilities Policy, Elsevier, vol. 19(3), pages 162-171.

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