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Link-based Internal and Full Cost Analysis

Author

Listed:
  • Mengying Cui
  • David Levinson

    (TransportLab, School of Civil Engineering, University of Sydney)

Abstract

This paper develops a link-based full cost model, which identifies the key cost components of travel, including both internal and external versions of cost, and gives a link-based cost estimate. The key cost components for travelers are categorized as time cost, emission cost, crash cost, user monetary cost, and infrastructure cost. Selecting the Minneapolis - St. Paul (Twin Cities) Metropolitan region as the study area, the estimates show that the average full cost of travel is $0.68/veh-km, in which the time and user monetary costs account for approximately 85% of the total. Except for the infrastructure cost, highways are more cost-effective than other surface roadways considering all the other cost components, as well as the internal and full costs.

Suggested Citation

  • Mengying Cui & David Levinson, 2018. "Link-based Internal and Full Cost Analysis," Working Papers 173, University of Minnesota: Nexus Research Group.
    • Handle: RePEc:nex:wpaper:linkbasedfullcost
    as

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    File URL: http://hdl.handle.net/2123/18776
    File Function: First version, 2016
    Download Restriction: no
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    References listed on IDEAS

    as
    1. David Gillen & David Levinson, 1999. "The Full Cost of Air Travel," Working Papers 199901, University of Minnesota: Nexus Research Group.
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      Keywords

      full cost; internal costs; external costs; double counting;
      All these keywords.

      JEL classification:

      • R40 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - General
      • D62 - Microeconomics - - Welfare Economics - - - Externalities
      • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
      • R20 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - General
      • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General

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