PUBLIC TRANSPORT DEMAND ELASTICITIES--BACKGROUND PAPERS

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

• TRT Terms: Bus transit; Elasticity (Economics); Fares; Pricing; Ridership; Travel demand
• Old TRIS Terms: Bus services
• Subject Areas: Economics; Highways; Public Transportation; Society; I10: Economics and Administration;

Filing Info

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