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Estimating marginal costs for the Austrian railway system

Author

Listed:
  • Munduch, Gerhard
  • Pfister, Alexander
  • Sögner, Leopold
  • Stiassny, Alfred

Abstract

This article presents an econometric analysis of the maintenance costs for the Austrian railway system. The data contain observations of track maintenance costs from 1998 to 2000. Our analysis identifies the cost driving factors in order to determine estimates of marginal costs, as required by the infrastructure provision principles of the European Union. The analysis identifies the variables "track length" and "transported gross-tons" as the principal cost determinants. Furthermore, we observe that total costs as well as marginal costs increase with (i) a high proportion of the track occupied by train stations, (ii) the number of switches within a track, (iii) narrow bends, and (iv) considerable slopes. Moreover average as well as marginal costs for secondary lines are significantly higher than for main lines. (author's abstract)

Suggested Citation

  • Munduch, Gerhard & Pfister, Alexander & Sögner, Leopold & Stiassny, Alfred, 2002. "Estimating marginal costs for the Austrian railway system," Department of Economics Working Paper Series 854, WU Vienna University of Economics and Business.
  • Handle: RePEc:wiw:wus005:854
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    References listed on IDEAS

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    1. Levin, Richard C, 1981. "Railroad Regulation, Deregulation, and Workable Competition," American Economic Review, American Economic Association, vol. 71(2), pages 394-398, May.
    2. Davidson, Russell & MacKinnon, James G., 1993. "Estimation and Inference in Econometrics," OUP Catalogue, Oxford University Press, number 9780195060119.
    3. Johansson, Per & Nilsson, Jan-Eric, 2004. "An economic analysis of track maintenance costs," Transport Policy, Elsevier, vol. 11(3), pages 277-286, July.
    4. De Borger, Bruno, 1993. "The Economic Environment and Public Enterprise Behaviour: Belgian Railroads, 1950-86," Economica, London School of Economics and Political Science, vol. 60(240), pages 443-463, November.
    5. Mas-Colell, Andreu & Whinston, Michael D. & Green, Jerry R., 1995. "Microeconomic Theory," OUP Catalogue, Oxford University Press, number 9780195102680.
    6. Richard C. Levin, 1981. "Railroad Rates, Profitability, and Welfare Under Deregulation," Bell Journal of Economics, The RAND Corporation, vol. 12(1), pages 1-26, Spring.
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