Road Transport Elasticity: How Fuel Price Changes can Affect Traffic Demand on a Toll Motorway

The crisis beginning in late 2008 in Greece, and still in progress, led the Greek Government to undertake a particularly harsh program under the joint auspices of the International Monetary Fund (IMF), the European Union and the European Central Bank, aimed at restoring the primary budget surplus. The implementation of such a financial program has dramatically increased fuel taxes - about 82% for unleaded and 31% for diesel – also producing a serious impact on road traffic demand. Starting from the above framework, this paper describes the main outcomes of a study aimed at identifying, assessing and forecasting the effects of fuel prices and tax changes on traffic flows along a 365 km toll motorway corridor project connecting Athens to Tsakona, in the South-West of the Peloponnese.

• Record URL:
  https://doi.org/10.1016/j.sbspro.2013.10.596
• Record URL:
  http://www.sciencedirect.com/science/article/pii/S187704281304041X
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/18770428
• Supplemental Notes:
  • © 2013 Antonio Musso et al.
• Authors:
  • Musso, Antonio
  • Piccioni, Cristiana
  • Tozzi, Michele
  • Godard, Gilles
  • Lapeyre, Alexandre
  • Papandreou, Kostas
• Conference:
  • 19th Annual Meeting of the Italian Society of Transportation Academics (SIDT 2012 Scientific Seminar)
  • Location: Padova , Italy
  • Date: 2012-10-18 to 2012-10-19
• Publication Date: 2013-10-10

Language

• English

Media Info

• Media Type: Digital/other
• Features: Figures; Maps; References; Tables;
• Pagination: pp 85-102
• Serial:
  • Procedia - Social and Behavioral Sciences
  • Volume: 87
  • Issue Number: 0
  • Publisher: Elsevier
  • ISSN: 1877-0428
  • Serial URL: http://www.sciencedirect.com/science/journal/18770428/53
• Publication flags:

  Open Access (libre)

Subject/Index Terms

• TRT Terms: Elasticity (Economics); Fuel taxes; Governments; Prices; Toll roads; Travel demand
• Identifier Terms: European Union; International Monetary Fund
• Geographic Terms: Athens (Greece); Greece
• Subject Areas: Economics; Energy; Finance; Highways; I10: Economics and Administration;

Filing Info

• Accession Number: 01497474
• Record Type: Publication
• Files: TRIS
• Created Date: Oct 18 2013 5:15PM