PREFERENCE ELASTICITIES OF TRANSIT FARE INCREASES AND DECREASES BY DEMOGRAPHIC GROUPS
Using a technique known as trade-off analysis, this paper shows how preference elasticites for transit fare increase and decreases can be estimated for different socioeconomic groups. Data for the anaysis is drawn from a NYSDOT-sponsored survey of 1,000 households in the State, conducted in November 1974. Two notable conclusions are drawn: (1) preference elasticities for fare decreases are significantly lower than preference elasticities for fare increases; (2) fare-decrease elasticities vary for different stratifications of the population, while fare-increase elasticities are very nearly the same for all socioeconomic groups. /Author/
- This paper was submitted for presentation at the 55th Annual Meeting of the Transportation Research Board, Washington, D.C., January 1976.
Albany, NY United States 12232
- Donnelly, E P
- Publication Date: 1975-8
- Features: Figures; Tables;
- Pagination: 15 p.
- TRT Terms: Alternatives analysis; Consumer behavior; Consumer preferences; Data collection; Elasticity (Mechanics); Fares; Public transit; Socioeconomic factors; Surveys
- Subject Areas: Economics; Finance; Highways; Planning and Forecasting; Public Transportation; Society;
- Accession Number: 00179047
- Record Type: Publication
- Report/Paper Numbers: Res. Rpt. 89
- Files: TRIS, STATEDOT
- Created Date: Jul 29 1981 12:00AM