FARE ELASTICITY AND ITS APPLICATION TO FORECASTING TRANSIT DEMAND

This report represents the first comprehensive effort to estimate the fare elasticities of a large number of transit systems using monthly data, and to test the applicability of the well known Simpson-Curtin formula in today's transit environments. The study provides a general approximation of system-wide bus ridership loss following a uniform fare increase, that is without changing the fare structure. It is not intended to replace detailed fare elasticity estimates conducted for specific transit units. The analysis 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.

• Corporate Authors:

  American Public Transportation Association

  1201 New York Avenue, NW
  Washington, DC    20005
• Publication Date: 1991-8

Language

• English

Media Info

• Features: Appendices; Figures; References; Tables;
• Pagination: 136 p.

Subject/Index Terms

• TRT Terms: Bus transportation; Demand; Economic forecasting; Elasticity (Economics); Fares; Off peak periods; Peak periods; Ridership
• Old TRIS Terms: Fare increase; Off-peak
• Subject Areas: Economics; Finance; Motor Carriers; Public Transportation;

Filing Info

• Accession Number: 00666353
• Record Type: Publication
• Files: TRIS
• Created Date: Sep 13 1994 12:00AM