An industry rule of thumb states that a 10% increase in fare charged by an urban public transit company will cause about a 3% decline in ridership. This paper reports the results of two separate studies which indicate that the fare elasticity of demand is approximately double the industry rule of thumb--that a 10% increase in fare will cause about a 6% decline in ridership.
Demand for Urban Bus Transit: Two Studies of Fare and Service Elasticities
1973
20 pages
Report
Keine Angabe
Englisch
Some evidence of transit demand elasticities
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