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Price and Income Elasticities for Intercity Public Transport in Spain

In: Essays on Transport Economics

Author

Listed:
  • Pablo Coto-Millán

    (University of Cantabria)

  • Jose Baños-Pino

    (University of Oviedo)

  • 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)

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.

Suggested Citation

  • Pablo Coto-Millán & Jose Baños-Pino & Gema Carrera-Gómez & Juan Castanedo-Galán & Miguel A. Pesquera & Vicente Inglada & Rubén Sainz, 2007. "Price and Income Elasticities for Intercity Public Transport in Spain," Contributions to Economics, in: Pablo Coto-Millán & Vicente Inglada (ed.), Essays on Transport Economics, chapter 3, pages 51-62, Springer.
    • Handle: RePEc:spr:conchp:978-3-7908-1765-2_4
    DOI: 10.1007/978-3-7908-1765-2_4
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