An Econometric Analysis of Motorcycle Ownership in the UK

This paper's goal was to report on an econometric investigation of motorcycle ownership in the United Kingdom (U.K.). Motorcycle ownership is a stock concept, whereas consumption of the services of motorcycles is a flow variable. The paper follows the practice of most earlier empirical investigations of demand for consumer durables by focusing on the demand for the stock of motorcycles, rather than the amount of travel that is effected through that mode of transport. Empirical estimates of the net sales model suggest that the future growth prospects for motorcycles may be quite good. This conclusion follows from what seems to be a relatively high, long run income elasticity of demand for motorcycles, as well as a considerable cross elasticity of substitution effect with regard to the high cost of travel.

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  • Authors:
    • Duffy, Martyn
    • Robinson, Terry
  • Publication Date: 2004

Language

  • English

Media Info

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Filing Info

  • Accession Number: 01006316
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Oct 11 2005 4:49PM