SOME EVIDENCE OF TRANSIT DEMAND ELASTICITIES

In general, all of the limited evidence available suggests that transit demand is inelastic with respect to money price. Typically, ridership is significantly more sensitive to changes in the level of service (particularly door-to-door journey time) than to changes in fare, although service elasticities also are usually numerically less than unity. In broad terms, short-run direct fare elasticities are characteristically observed to lie within the range of 0.1 to 0.7. A more precise value in a particular instance will depend on a variety of factors in ways which largely support a priori notions. Thus in very large cities, central city areas, at peak hours, and in other circumstances where the prices of alternative modes are high, transit fare elasticities are usually numerically at the lower end of the range.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/00494488
• Corporate Authors:

  Elsevier

  Radarweg 29
  Amsterdam,   Netherlands  1043 NX
• Authors:
  • Kemp, M A
• Publication Date: 1973-4

Media Info

• Features: References;
• Serial:
  • Transportation (Netherlands)
  • Volume: 2
  • Issue Number: 1
  • Publisher: Martinus Nijhoff Publishers
  • ISSN: 0049-4488

Subject/Index Terms

• TRT Terms: Elasticity (Mechanics); Rapid transit; Travel demand; Urban transportation
• Subject Areas: Finance; Operations and Traffic Management; Passenger Transportation; Public Transportation; Railroads;

Filing Info

• Accession Number: 00056835
• Record Type: Publication
• Source Agency: Engineering Index
• Files: TRIS
• Created Date: Jul 31 1981 12:00AM