Price elasticity of demand for toll roads in Chile

Rodrigo Saens () and German Lobos

Lecturas de Economía, 2013, issue 79, 143-170

Abstract: The efficiency of a road pricing scheme to optimize the use of transport infrastructure depends on the available information regarding the price elasticity of demand for bridges, tunnels and highways. The aim of this paper is to estimate the price elasticity of demand for toll roads in Chile using the seemingly unrelated regressions (SUR) method and a panel of 48 monthly data drawn from 21 toll plazas (48 x 21). Our results show that, even when controlling for gasoline prices and economic activity, the demand for road use is very price inelastic, with values ranging from -0.17 for cars and -0.05 for trucks.

Keywords: price elasticity of demand for roads; road pricing; toll highways (search for similar items in EconPapers)
JEL-codes: R41 (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

Downloads: (external link)
http://aprendeenlinea.udea.edu.co/revistas/index.p ... cle/view/17951/15409 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:lde:journl:y:2013:i:79:p:143-170

Ordering information: This journal article can be ordered from
Lecturas de Economía, Departamento de Economía, Calle 67, 53-108, Medellin 050010, Colombia.

DOI: 10.17533/udea.le.n79a5

Access Statistics for this article

Lecturas de Economía is currently edited by Carlos Andrés Vasco Correa

More articles in Lecturas de Economía from Universidad de Antioquia, Departamento de Economía Contact information at EDIRC.
Bibliographic data for series maintained by Carlos Andrés Vasco Correa ().