Price and Income Elasticities for Intercity Public Transport in Spain

Pablo Coto-Millán, José Baños, Gema Carrera-Gómez, Juan Castanedo-Galán, Miguel A. Pesquera, Vicente Inglada and Rubén Sainz
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Pablo Coto-Millán: University of Cantabria
Gema Carrera-Gómez: University of Cantabria
Juan Castanedo-Galán: University of Cantabria
Miguel A. Pesquera: University of Cantabria
Vicente Inglada: University Carlos III of Madrid
Rubén Sainz: University of Cantabria

Chapter 3 in Essays on Transport Economics, 2007, pp 51-62 from Springer

Abstract: 3.5 Conclusions The previous models, based on the conventional demand theory, provide us with empirical evidence for road, railway and air transport in Spain from 1980 to 1988. We obtain the Marshallian demand functions with respect to relevant income and price variables for each modes of transport analyzed. In this work we offer income and price elasticities estimations as well as exchange of data aggregated to interurban passengers transport in Spain. It is necessary to be cautious when interpreting data, due to the high variable aggregation. Some research could be made in the future on this type of model from the desagregation of transport service demand into different lines.

Keywords: Price Elasticity; Income Elasticity; Road Transport; Transport Service; Passenger Transport (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-7908-1765-2_4

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DOI: 10.1007/978-3-7908-1765-2_4

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