Meta-analysis of British time-related demand elasticity evidence: An update

Mark Wardman

Transportation Research Part A: Policy and Practice, 2022, vol. 157, issue C, 198-214

Abstract: Far less attention has been paid in review studies to time-related elasticities than price elasticities, and this is partly because there is less evidence. Nonetheless, time elasticities are important parameters for transport planning, forecasting and appraisal. This paper builds upon Wardman (2012), which then provided the most extensive account of demand elasticities to car, rail and bus time, rail and bus headway, and rail generalised journey time. It is based upon 741 elasticities drawn from 102 British studies published between 1977 and 2020, as opposed to the 427 elasticities from 69 studies published up to 2010 in the previous study.

Keywords: Meta-analysis; Time elasticities; Headway elasticities; Generalised journey time elasticities; Review; Length of long run (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1016/j.tra.2022.02.001

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