AVIATION COST ALLOCATION STUDY: THE PRICE ELASTICITY OF DEMAND FOR GENERAL AVIATION
The paper analyzes the nature of demand response to costs, by users in general aviation. It applies regression analysis to information from a California survey of general aviation on the utilization of aircraft. For the six classes of general aviation, business flights proved to be the most inelastic and instructional flights the least. Overall, it was concluded that demand is inelastic and therefore use will decline proportionately less than price or cost increases.
- Prepared in cooperation with Resource Management Corp., Bethesda, Md.
Department of Transportation1200 New Jersey Avenue, SE
Washington, DC United States 20590
- Battison, E
- Publication Date: 1972-12
- Pagination: 38 p.
- Accession Number: 00054510
- Record Type: Publication
- Source Agency: National Technical Information Service
- Report/Paper Numbers: Working Paper-18
- Files: NTIS, USDOT
- Created Date: Jun 18 1974 12:00AM