The marginal cost for pavement renewal - a duration analysis approach
AbstractThe wear and tear of an extra vehicle that uses a road results in advancement of future repavements. This increases the present value cost of these repavements, which is interpreted as the marginal cost. Using a large data set covering all pavement renewals on the Swedish national road network since the 1950s, deterioration elasticities that express the relation between traffic intensity and the pavement lifetime are estimated and are then used to compute marginal costs. The elasticities for heavy goods vehicles and passenger cars are found to be small and marginal costs are accordingly low.
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Bibliographic InfoPaper provided by Swedish National Road & Transport Research Institute (VTI) in its series Working Papers with number 2007:8.
Length: 23 pages
Date of creation: 03 Sep 2007
Date of revision:
Contact details of provider:
Postal: VTI, Transport Economics, P.O. Box 6056, SE-171 06 Solna, Sweden
Phone: +46-13-20 40 00
Fax: +46-13-14 14 36
Web page: http://www.vti.se/tek
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Marginal cost; duration analysis; pavement renewal;
Find related papers by JEL classification:
- R40 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Systems - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-09-09 (All new papers)
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- Anani, Shadi B. & Madanat, Samer M, 2010. "Estimation of Highway Maintenance Marginal Cost under Multiple Maintenance Activities," University of California Transportation Center, Working Papers qt0fh705xg, University of California Transportation Center.
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