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Measuring unobserved prices using the structural time-series model: The case of cycling

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  • Broadstock, David C.
  • Collins, Alan

Abstract

This study presents a means of determining a historic (generalised cost based) price index for cycling in the UK for the period 1949-2006 using annual demand data. By specifying demand as a function of generalised price and income and then applying a structural time-series model to elucidate the unobserved component of prices (while controlling for observed income levels), it is illustrated that the role of prices in influencing demand is non-trivial. Over the sample period price responses generally influence demand for cycling to a greater extent than income effects.

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Bibliographic Info

Article provided by Elsevier in its journal Transportation Research Part A: Policy and Practice.

Volume (Year): 44 (2010)
Issue (Month): 4 (May)
Pages: 195-200

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Handle: RePEc:eee:transa:v:44:y:2010:i:4:p:195-200

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Related research

Keywords: Cycling Unobserved prices Structural time-series modelling;

References

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  1. Nankervis, Max, 1999. "The effect of weather and climate on bicycle commuting," Transportation Research Part A: Policy and Practice, Elsevier, vol. 33(6), pages 417-431, August.
  2. Gatersleben, Birgitta & Appleton, Katherine M., 2007. "Contemplating cycling to work: Attitudes and perceptions in different stages of change," Transportation Research Part A: Policy and Practice, Elsevier, vol. 41(4), pages 302-312, May.
  3. Karl Pichelmann & Andreas Ulrich Schuh, 1997. "The NAIRU-Concept: A Few Remarks," OECD Economics Department Working Papers 178, OECD Publishing.
  4. Bergström, A. & Magnusson, R., 2003. "Potential of transferring car trips to bicycle during winter," Transportation Research Part A: Policy and Practice, Elsevier, vol. 37(8), pages 649-666, October.
  5. Peter Fix & John Loomis & Rick Eichhorn, 2000. "Endogenously chosen travel costs and the travel cost model: an application to mountain biking at Moab, Utah," Applied Economics, Taylor & Francis Journals, vol. 32(10), pages 1227-1231.
  6. Frees,Edward W., 2004. "Longitudinal and Panel Data," Cambridge Books, Cambridge University Press, number 9780521535380.
  7. Rietveld, Piet & Daniel, Vanessa, 2004. "Determinants of bicycle use: do municipal policies matter?," Transportation Research Part A: Policy and Practice, Elsevier, vol. 38(7), pages 531-550, August.
  8. Steg, Linda, 2005. "Car use: lust and must. Instrumental, symbolic and affective motives for car use," Transportation Research Part A: Policy and Practice, Elsevier, vol. 39(2-3), pages 147-162.
  9. Frees,Edward W., 2004. "Longitudinal and Panel Data," Cambridge Books, Cambridge University Press, number 9780521828284.
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Cited by:
  1. Gernot Sieg, 2014. "Costs and benefits of a bicycle helmet law for Germany," Working Papers 21, Institute of Transport Economics, University of Muenster, revised May 2014.

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