An econometric approach to the demand for urban passenger travel

The paper is concerned with the analysis and forecasting of urban passenger travel and its modal split and presents two models based on the economic theory of consumer demand. The first model uses the cross sectional origin and destination data of the Melbourne transportation study to estimate demand equations for CBD work travel by private and public transport. The second model is on a city wide level and formulates for each Australian state capital city, a simultaneous system of four structural equations designed to explain car ownership and public transport use and modal split. The estimates of both models are shown to be statistically valid. Throughout the paper, the inter relationship between the various modes is emphasised and the models enable the estimation of various price (including time) and cross price elasticities of demand for travel by each mode. The models can then be used to assess the effects of the different transportation policy implications (a).

• Record URL:
  http://arrbknowledge.com
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/isbn/909996113
• Authors:
  • Shepherd, L E
• Conference:
  • Australian Road Research Board (ARRB) Conference, 6th, 1972, Canberra
• Publication Date: 1972

Language

• English

Media Info

• Pagination: 214-51
• Monograph Title: Introductory remarks to session 2, transport planning
• Serial:
  • Volume: 6
  • Issue Number: 2

Subject/Index Terms

• TRT Terms: Automobile ownership; Econometrics; Economics; Forecasting; Income; Mathematical models; Modal split; Passenger transportation; Private transportation; Public transit; Travel behavior; Travel demand; Urban transportation; Work trips
• Uncontrolled Terms: Transport costs
• ATRI Terms: Econometrics; Forecast; Income; Journey to work; Modal split; Modelling; Passenger transport; Private transport; Public transport; Transport costs; Transport economics; Travel behaviour; Travel demand; Urban transport; Vehicle ownership
• Subject Areas: Economics; Passenger Transportation; Public Transportation;

Filing Info

• Accession Number: 01442083
• Record Type: Publication
• Source Agency: ARRB
• ISBN: 909996113
• Files: ATRI
• Created Date: Aug 24 2012 11:59PM