This note presents a summary of the evidence on the fares elasticity of demand for bus travel; that is, the responsiveness of bus patronage to changes in the level of fares. It shows that there is a substantial body of evidence suggesting that the average fare elasticity is -0.3; or in other words, a 10% increase in real fares leads to a 3% reduction in bus patronage.


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    Titel :

    Public Transport Demand Elasticities - Background Papers


    Erscheinungsdatum :

    1984


    Format / Umfang :

    59 pages


    Medientyp :

    Report


    Format :

    Keine Angabe


    Sprache :

    Englisch




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