CONCEPTS OF PRICE ELASTICITIES OF TRANSPORT DEMAND AND RECENT EMPIRICAL ESTIMATES: AN INTERPRETATIVE SURVEY. IN: URBAN TRANSPORT

Abstract

This paper is one of two companion papers which survey price elasticities of transport demand. In addition to reviewing empirical elasticity estimates for both freight and passenger demand, this paper also deals with theoretical and empirical issues in estimating transport demand elasticities. The second survey, by Dr. Philip Goodwin, is primarily concerned with empirical estimates of demand elasticities of public traansit system and automobile usage. The origins of motivations of these two papers were different. As was the coverage and sources used. The two papers complemented each other and are therefore published together with a pooled bibliography.