The full cost of high-speed rail: an engineering approach
AbstractThis paper examines the full costs, defined as the sum of private and social costs, of a high-speed rail system proposed for a corridor connecting Los Angeles and San Francisco in California. The full costs include infrastructure, fleet capital and operating expenses, the time users spend on the system, and the social costs of externalities, such as noise, pollution, and accidents. Comparing these full costs to those of other competing modes contributes to the evaluation of the feasibility of high-speed rail in the corridor. The paper concludes that high-speed rail is significantly more costly than expanding existing air service, and marginally more expensive than auto travel. This suggests that high-speed rail is better positioned to serve shorter distance markets where it competes with auto travel than longer distance markets where it substitutes for air.
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Bibliographic InfoArticle provided by Springer in its journal The Annals of Regional Science.
Volume (Year): 31 (1997)
Issue (Month): 2 ()
Note: Received: May 1996 / Accepted in revised form: December 1996
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- David Levinson & Jean-Michel Mathieu & Adib Kanafani & David Gillen, 1997. "The Full Cost of High-Speed Rail: An Engineering Approach," Working Papers 199705, University of Minnesota: Nexus Research Group.
- R40 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Systems - - - General
- R42 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Systems - - - Government and Private Investment Analysis; Road Maintenance; Transportation Planning
- H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
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- Concepción Román, 2008. "Competencia intermodal en el corredor Madrid-Zaragoza-Barcelona ante la introducción del tren de alta velocidad," Economic Reports 11-08, FEDEA.
- Mariko Utsunomiya & Kenichi Hodota, 2011. "Financial lessons from Asian experience in constructing and operating high speed train networks," Transportation, Springer, vol. 38(5), pages 753-764, September.
- Delucchi, Mark A. & McCubbin, Donald R., 2010. "External Costs of Transport in the U.S," Institute of Transportation Studies, Working Paper Series qt13n8v8gq, Institute of Transportation Studies, UC Davis.
- Nicole Adler & Chris Nash & Eric Pels, 2008. "High-Speed Rail & Air Transport Competition," Tinbergen Institute Discussion Papers 08-103/3, Tinbergen Institute.
- Campos, Javier & de Rus, Gines & Barron, Ignacio, 2007. "A review of HSR experiences around the world," MPRA Paper 12397, University Library of Munich, Germany.
- Campos, Javier & de Rus, Gines & Barron, Iñaki, 2007. "The cost of building and operating a new high speed rail line," MPRA Paper 12396, University Library of Munich, Germany.
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