Most models of public transport demand are based on a static equilibrium assumption. Previous, albeit limited, dynamic analysis suggests there are substantive differences between the short and long term effects of fare revisions. Empirical evidence on the delayed response of bus patronage to fare revisions in the West Midlands is presented. Elasticities after a four year period are indicated as 1.75 times the short term figure of approximately -0.45 for adult single tickets, and 2.5 times the short (but not immediate) figure of around -0.20 for travelcards. In the case of both adult single and adult travelcard demand the profile of change is not a simple monotonic pattern, but a more complex fall and rise.


    Access

    Access via TIB

    Check availability in my library


    Export, share and cite



    Title :

    Public Transport Fare Elasticities: A Dynamic Perspective


    Contributors:

    Publication date :

    1985


    Size :

    15 pages


    Type of media :

    Report


    Type of material :

    No indication


    Language :

    English




    Fare Elasticities for Exclusive-Ride Taxi Services

    F. D. Fravel / G. Gilbert | NTIS | 1978


    Short run fare elasticities for Bogotá’s BRT system: ridership responses to fare increases

    Guzman, Luis A. / Gomez, Santiago / Moncada, Carlos Alberto | Online Contents | 2019


    Short run fare elasticities for Bogotá’s BRT system: ridership responses to fare increases

    Guzman, Luis A. / Gomez, Santiago / Moncada, Carlos Alberto | Online Contents | 2019