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A Meta-Analysis of Price Elasticities of Transport Demand in a General Equilibrium Framework

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  • Hans Kremers

    (Vrije Universiteit Amsterdam)

  • Peter Nijkamp

    ()
    (Vrije Universiteit Amsterdam)

  • Piet Rietveld

    ()
    (Master-Point, Vrije Universiteit Amsterdam)

Abstract

Price elasticities of transport demand are an important tool toassess the impacts of pricing policies. Empirical research on these elasticitiesleads to a rather wide range of outcomes. There is obviously a need for a morerigorous methodological framework. This paper provides a new integrativeapproach to the estimation of price elasticities while taking into account anycombination of characteristics of transport demand found in various empiricalstudies. To this end, we apply meta-analysis to this set of studies. From the variousmodelling approaches that underly these studies we develop an overlappinggeneral equilibrium framework that provides a meta-regression equationrelating the price elasticity estimate to the study characteristics.

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Bibliographic Info

Paper provided by Tinbergen Institute in its series Tinbergen Institute Discussion Papers with number 00-060/3.

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Date of creation: 31 Jul 2000
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Handle: RePEc:dgr:uvatin:20000060

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  1. Fridström, Lasse & Thune-Larsen, Harald, 1989. "An econometric air travel demand model for the entire conventional domestic network: The case of Norway," Transportation Research Part B: Methodological, Elsevier, vol. 23(3), pages 213-223, June.
  2. Anas, Alex & Moses, Leon N, 1984. "Qualitative Choice and the Blending of Discrete Alternatives," The Review of Economics and Statistics, MIT Press, vol. 66(4), pages 547-55, November.
  3. Selvanathan, E. A. & Selvanathan, Saroja, 1994. "The demand for transport and communication in the United Kingdom and Australia," Transportation Research Part B: Methodological, Elsevier, vol. 28(1), pages 1-9, February.
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  5. Bhat, Chandra R., 1995. "A heteroscedastic extreme value model of intercity travel mode choice," Transportation Research Part B: Methodological, Elsevier, vol. 29(6), pages 471-483, December.
  6. Abdelwahab, Walid M., 1998. "Elasticities of mode choice probabilities and market elasticities of demand: Evidence from a simultaneous mode choice/shipment-size freight transport model," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 34(4), pages 257-266, December.
  7. Friedlaender, Ann F & Spady, Richard H, 1980. "A Derived Demand Function for Freight Transportation," The Review of Economics and Statistics, MIT Press, vol. 62(3), pages 432-41, August.
  8. Reggiani, Aura & Nijkamp, Peter & Sabella, Enrico, 2001. "New advances in spatial network modelling: Towards evolutionary algorithms," European Journal of Operational Research, Elsevier, vol. 128(2), pages 385-401, January.
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Citations

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Cited by:
  1. Craig Gallet, 2007. "A comparative analysis of the demand for higher education: results from a meta-analysis of elasticities," Economics Bulletin, AccessEcon, vol. 9(7), pages 1-14.
  2. Gorman, Michael F., 2008. "Evaluating the public investment mix in US freight transportation infrastructure," Transportation Research Part A: Policy and Practice, Elsevier, vol. 42(1), pages 1-14, January.
  3. Hensher, David A., 2008. "Empirical approaches to combining revealed and stated preference data: Some recent developments with reference to urban mode choice," Research in Transportation Economics, Elsevier, vol. 23(1), pages 23-29, January.
  4. Germa Bel & Daniel Albalate, 2009. "What shapes local public transportation in Europe? Economics, Mobility, Institutions, and Geography," RSCAS Working Papers 2009/34, European University Institute.
  5. Li, Zheng & Hensher, David A. & Rose, John M., 2011. "Identifying sources of systematic variation in direct price elasticities from revealed preference studies of inter-city freight demand," Transport Policy, Elsevier, vol. 18(5), pages 727-734, September.
  6. Holmgren, Johan, 2007. "Meta-analysis of public transport demand," Transportation Research Part A: Policy and Practice, Elsevier, vol. 41(10), pages 1021-1035, December.
  7. Mark Wardman, 2012. "Review and meta-analysis of U.K. time elasticities of travel demand," Transportation, Springer, vol. 39(3), pages 465-490, May.
  8. Drevs, Florian & Tscheulin, Dieter K. & Lindenmeier, Jörg & Renner, Simone, 2014. "Crowding-in or crowding out: An empirical analysis on the effect of subsidies on individual willingness-to-pay for public transportation," Transportation Research Part A: Policy and Practice, Elsevier, vol. 59(C), pages 250-261.
  9. Östblom, Göran & Hammar, Henrik, 2007. "Outcomes of a Swedish Kilometre Tax. An analysis of Economic Effects and Effects on NOx Emissions," Working Paper 103, National Institute of Economic Research.
  10. Shires, J.D. & de Jong, G.C., 2009. "An international meta-analysis of values of travel time savings," Evaluation and Program Planning, Elsevier, vol. 32(4), pages 315-325, November.
  11. Smith, Brett & Abdoolakhan, Zeenat & Taplin, John, 2010. "Demand and choice elasticities for a separable product group," Economics Letters, Elsevier, vol. 108(2), pages 134-136, August.
  12. Hensher, David A. & Li, Zheng, 2010. "Accounting for differences in modelled estimates of RP, SP and RP/SP direct petrol price elasticities for car mode choice: A warning," Transport Policy, Elsevier, vol. 17(3), pages 191-195, May.
  13. Abrantes, Pedro A.L. & Wardman, Mark R., 2011. "Meta-analysis of UK values of travel time: An update," Transportation Research Part A: Policy and Practice, Elsevier, vol. 45(1), pages 1-17, January.
  14. repec:ebl:ecbull:v:9:y:2007:i:7:p:1-14 is not listed on IDEAS
  15. Michael Gorman, 2005. "Estimation of an implied price elasticity of demand through current pricing practices," Applied Economics, Taylor & Francis Journals, vol. 37(9), pages 1027-1035.

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