A MARGINAL COST FUNCTION FOR HIGHWAY CONSTRUCTION AND OPERATION,
RAND CORP SANTA MONICA CALIF
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The purpose of this study is to develop a cost function adequate for assigning highway costs to various classes of vehicles. Costs are defined merely as expenditures of the Highway Department in the construction and operation of the highway system. The study was originally prepared in 1953 for the Virginia Highway Users Association in connection with legislative hearings on highway taxation in the State of Virginia. The data used are fiscal 1952 data for the State. Consequently the numerical results are of little general interest, except as a means of illustrating the method.