EFFECTS OF FARE CHANGES ON BUS RIDERSHIP
This publication is an abridged version of the full report "Fare Elasticity and Its Application to Forecasting Transit Demand" by L.H. Pham and J. Linsalata (APTA, to be published August 1991). The study estimates the fare elasticities of a large number of transit systems using monthly data and tests the applicability of the well known Simpson-Curtin formula in today's transit environments. It provides a general approximation of system-wide bus ridership loss following a uniform fare increase (without changing the fare structure), and shows that the impact of fare changes on bus ridership, while varying substantially among cities and between peak and off-peak hours, is more pronounced than previously believed.
American Public Transportation Association1201 New York Avenue, NW
Washington, DC 20005
- Publication Date: 1991-5
- Features: Figures; Tables;
- Pagination: 12 p.
- TRT Terms: Bus transit; Elasticity (Economics); Estimates; Fares; Impacts; Off peak periods; Peak periods; Ridership
- Uncontrolled Terms: Increase
- Old TRIS Terms: Bus transportation (Intracity); Off-peak
- Subject Areas: Economics; Finance; Public Transportation;
- Accession Number: 00608629
- Record Type: Publication
- Files: TRIS
- Created Date: May 31 1991 12:00AM