This file is part of IDEAS, which uses RePEc data


[ Papers | Articles | Software | Books | Chapters | Authors | Institutions | JEL Classification | NEP reports | Search | New papers by email | Author registration | Rankings | Volunteers | FAQ | Blog | Help! ]

A survey of recent estimates of price elasticities of demand for transport

Author info | Abstract | Publisher info | Download info | Related research | Statistics
Author Info
Tae H. Oum
Waters, W.G.
Jong Say Yong

Additional information is available for the following registered author(s):

Abstract

This paper reviews 70 estimates of the price elasticity of demand for many different transport modes and market situations. The paper presents figures separately for passenger and freight transport and include estimates of both own-price and mode choice elasticities. It also presents some elasticity estimates on demand for gasoline, together with selected cross-price elasticities. In addition, it includes a brief exposition on the different concepts of elasticity - compensated, uncompensated, price, cross-price and mode choice - and discusses the relations between them. This paper shows that, since transportation is a derived demand, it tends to be inelastic. Although the review is confined to estimates of price elasticities, it notes that quality variables are often more important than price, particularly in the air, motor freight, and container markets. Finally, most of the estimates relate to developed countries, reflecting the availabilty of data, research resources, and domicile of the researchers. The elasticity estimates are nevertheless thought to be relevant to developing countries as well. But since intermodal competition is generally less intense in developing countries, this tends to make transport demand more inelastic, although the lower income levels in such countries may partly offset this effect.

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www-wds.worldbank.org/servlet/WDSContentServer/WDSP/IB/1990/01/01/000009265_3960928230924/Rendered/PDF/multi_page.pdf
File Format: application/pdf
File Function:
Download Restriction: no

Publisher Info
Paper provided by The World Bank in its series Policy Research Working Paper Series with number 359.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length:
Date of creation: 31 Jan 1990
Date of revision:
Handle: RePEc:wbk:wbrwps:359

Contact details of provider:
Postal: 1818 H Street, N.W., Washington, DC 20433
Email:
Web page: http://www.worldbank.org/
More information through EDIRC

For technical questions regarding this item, or to correct its listing, contact: (Roula I. Yazigi).

Related research
Keywords: Environmental Economics&Policies; Economic Theory&Research; Access to Markets; Markets and Market Access; Consumption;

Other versions of this item:

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Anderson, James E & Kraus, Marvin, 1981. "Quality of Service and the Demand for Air Travel," The Review of Economics and Statistics, MIT Press, vol. 63(4), pages 533-40, November. [Downloadable!] (restricted)
  2. Richard H. Spady & Ann F. Friedlaender, 1978. "Hedonic Cost Functions for the Regulated Trucking Industry," Bell Journal of Economics, The RAND Corporation, vol. 9(1), pages 159-179, Spring. [Downloadable!] (restricted)
  3. Appelbaum, Elie, 1982. "The estimation of the degree of oligopoly power," Journal of Econometrics, Elsevier, vol. 19(2-3), pages 287-299, August. [Downloadable!] (restricted)
  4. Tae Hoon Oum, 1979. "A Cross Sectional Study of Freight Transport Demand and Rail-Truck Competition in Canada," Bell Journal of Economics, The RAND Corporation, vol. 10(2), pages 463-482, Autumn. [Downloadable!] (restricted)
  5. Tae Hoon Oum, 1979. "A Warning on the Use of Linear Logit Models in Transport Mode Choice Studies," Bell Journal of Economics, The RAND Corporation, vol. 10(1), pages 374-388, Spring. [Downloadable!] (restricted)
  6. 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. [Downloadable!] (restricted)
Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Swait, Joffre & Eskeland, Gunnar S., 1995. "Travel mode substitution in Sao Paulo : estimates and implications for air pollution control," Policy Research Working Paper Series 1437, The World Bank. [Downloadable!]
  2. Karen Mayor & Richard S.J. Tol, 2007. "The Impact of the UK Aviation Tax on Carbon Dioxide Emissions and Visitor Numbers," Papers WP187, Economic and Social Research Institute (ESRI). [Downloadable!]
    Other versions:
  3. John FitzGerald & Richard S.J. Tol, 2007. "Airline Emissions of Carbon Dioxide in the European Trading System," Papers WP179, Economic and Social Research Institute (ESRI). [Downloadable!]
    Other versions:
  4. Karen Mayor & Richard S. J. Tol, 2008. "Aviation and the Environment in the Context of the EU-US Open Skies Agreement," Papers WP240, Economic and Social Research Institute (ESRI). [Downloadable!]
  5. Karen Mayor & Richard S.J. Tol, 2007. "The Impact Of The Eu-Us Open Skies Agreement On International Travel And Carbon Dioxide Emissions," Working Papers FNU-134, Research unit Sustainability and Global Change, Hamburg University, revised Apr 2007. [Downloadable!]
    Other versions:
  6. Taylor, Richard D. & Koo, Won W., 2009. "Expected Changes in China's Grain and Oilseed Industries and Implications for the U.S. and World Agriculture," Agribusiness & Applied Economics Report 51991, North Dakota State University, Department of Agribusiness and Applied Economics. [Downloadable!]
  7. Richard S.J. Tol, 2006. "The Impact of a Carbon Tax on International Tourism," Papers WP177, Economic and Social Research Institute (ESRI). [Downloadable!]
    Other versions:
  8. Karen Mayor & Richard S. J. Tol, 2008. "Scenarios of Carbon Dioxide Emissions from Aviation," Papers WP244, Economic and Social Research Institute (ESRI). [Downloadable!]
  9. Ivaldi, Marc & Vibes, Catherine, 2005. "Intermodal and Intramodal Competition in Passenger Rail Transport," CEPR Discussion Papers 5004, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    Other versions:
  10. Nijkamp, Peter & Pepping, Gerard, 1997. "A meta-approach to investigate the variance in transport cost elasticities: a cross-national European comparison," Serie Research Memoranda 0071, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics. [Downloadable!]
  11. Lynn Price & Laurie Michaelis & Ernst Worrell & Marta Khrushch, 1998. "Sectoral Trends and Driving Forces of Global Energy Use and Greenhouse Gas Emissions," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 3(2), pages 263-319, December. [Downloadable!] (restricted)
Statistics
Access and download statistics

Did you know? You may want to explore EconPapers, which displays the same data as IDEAS in a different way.

This page was last updated on 2009-11-26.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.