The Marginal Cost of Railway Track Renewals: a Sample Selection Modelling Approach

Abstract

Economic theory advocates marginal cost pricing for efficient utilisation of transport infrastructure. A growing body of literature has emerged on the issue of marginal infrastructure wear and tear costs, but the majority of the work is focused on costs for infrastructure maintenance. Railway track renewals are a substantial part of an infrastructure… (More)

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@inproceedings{Andersson2010TheMC, title={The Marginal Cost of Railway Track Renewals: a Sample Selection Modelling Approach}, author={Mats B. Andersson and Andrew W. D. Smith and {\AA}sa Wikberg and Phillip Wheat}, year={2010} }