This note presents a summary of the evidence on the fares elasticity of demand for bus travel; that is, the responsiveness of bus patronage to changes in the level of fares. It shows that there is a substantial body of evidence suggesting that the average fare elasticity is 0.3; or in other words, a 10% increase in real fares leads to a 3% reduction in bus patronage.

  • Corporate Authors:

    University of Oxford

    Transport Studies Unit, 11 Bevington Road
    Oxford,   United Kingdom  OX2 6NB
  • Publication Date: 1984-4-4

Media Info

  • Pagination: 59 p.

Subject/Index Terms

Filing Info

  • Accession Number: 00392929
  • Record Type: Publication
  • Report/Paper Numbers: TSU/REF-246
  • Files: TRIS
  • Created Date: Apr 29 1985 12:00AM