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Title:Recovering Capital Expenditures: The Railroad Industry Paradox
Author(s):Grimes, George Avery
Doctoral Committee Chair(s):Christopher P.L.Barkan
Department / Program:Civil Engineering
Discipline:Civil Engineering
Degree Granting Institution:University of Illinois at Urbana-Champaign
Subject(s):Economics, Commerce-Business
Abstract:This research combines engineering, economic, and financial methods and makes contributions in each area. Railroad maintenance strategies that rely more heavily on capital investment are more cost effective. Infrastructure capital spending is caused by current and future output, and is therefore a short run marginal cost. Railroad marginal cost formulae appear to substantially underestimate the true incremental nature of ongoing capital expenditures. Regulatory average variable cost formulae do not incorporate variable capital expenditures suggesting that Surface Transportation Board estimates of revenue to variable cost are overstated, subjecting a larger share of rail traffic to potential economic regulation than would otherwise occur.
Issue Date:2004
Description:266 p.
Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 2004.
Other Identifier(s):(MiAaPQ)AAI3160889
Date Available in IDEALS:2015-09-25
Date Deposited:2004

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