The Demand for travel and for travelcards on London Regional transport

The Demand for travel and for travelcards on London Regional transport

The authors develop a joint model for the demand for travel and the demand for travelcards. The estimates are that demand for underground travel is inelastic while the demand for bus travel is elastic. Simulation analysis attributes between one third and one half of the rise in demand for underground travel in the period 1982-87 to employment growth; and between one half and two thirds to the introduction of travelcards.

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