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.


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    Title :

    Demand for Urban Bus Transit: Two Studies of Fare and Service Elasticities


    Contributors:
    J. H. Boyd (author) / G. R. Nelson (author)

    Publication date :

    1973


    Size :

    20 pages


    Type of media :

    Report


    Type of material :

    No indication


    Language :

    English




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