ESTIMATION OF DEMAND FUNCTIONS FOR SERVICES OF PUBLIC RAILWAY PASSENGER TRANSPORTATION: EVIDENCE FROM SLOVENIA

This article provides a method of estimating demand functions for services of public railway passenger transportation in the case of Slovenia. The author outlines the theoretical concepts of price elasticity of demand, then classifies the groups of variables used in the empirical literature. These variables are then compared with the characteristics of the currently available database in Slovenia; the author then chooses the set of data to be used for estimation. Results show that a hypothetical increase in average real fares leads to a percentage decrease in the number of passengers traveling by rail that is smaller than the percentage increase in fares. Thus, in the short run, there is potential for improving revenues of the railway operator by increasing average real fares. The author concludes that the demand functions for railway passenger transportation services in Slovenia are price and income inelastic.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/03535320
• Corporate Authors:

  University of Zagreb

  Faculty of Transport and Traffic Sciences
  10000 Zagreb,   Croatia 
• Authors:
  • Beko, J
• Publication Date: 2004

Language

• English

Media Info

• Features: References; Tables;
• Pagination: p. 5-14
• Serial:
  • Promet Traffic-Traffico
  • Volume: 16
  • Issue Number: 1
  • Publisher: University of Zagreb
  • ISSN: 0353-5320

Subject/Index Terms

• TRT Terms: Demand; Economics; Elasticity (Economics); Fares; Prices; Railroad transportation; Regression analysis
• Geographic Terms: Slovenia
• Subject Areas: Data and Information Technology; Economics; Railroads;

Filing Info

• Accession Number: 00987548
• Record Type: Publication
• Files: TRIS
• Created Date: Mar 28 2005 12:00AM