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Title:

Cost Function for Urban Rail Transport Systems

Accession Number:

01697720

Record Type:

Component

Abstract:

This paper formulates short-run operating cost functions for urban rail transport firms and examines the economies of scale and density using data relating to 34 rail systems in cities around the world. It uses the state-of-the-art econometric methods to account for the fact that decisions taken by firms are based on their current level of productivity. Firm output and factor prices are taken to be endogenous. Estimates reveal economies of scale and very strong economies of density in operating costs. These economies of scale emerge due to the presence of cost complementarities between train operation and infrastructure maintenance costs in the urban rail transport industry.

Supplemental Notes:

This paper was sponsored by TRB committee AP010 Standing Committee on Transit Management and Performance.

Report/Paper Numbers:

19-04747

Language:

English

Corporate Authors:

Transportation Research Board

Authors:

Anupriya, Anupriya
Graham, Daniel J
Carbo, Jose M
Anderson, Richard

Pagination:

24p

Publication Date:

2019

Conference:

Transportation Research Board 98th Annual Meeting

Location: Washington DC, United States
Date: 2019-1-13 to 2019-1-17
Sponsors: Transportation Research Board

Media Type:

Digital/other

Features:

Figures; References; Tables

Uncontrolled Terms:

Endogeneity

Subject Areas:

Economics; Finance; Railroads

Source Data:

Transportation Research Board Annual Meeting 2019 Paper #19-04747

Files:

TRIS, TRB, ATRI

Created Date:

Dec 7 2018 9:35AM