Advanced Search
MyIDEAS: Login to save this paper or follow this series

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

Contents:

Author Info

  • Tae H. Oum
  • Waters, W.G.
  • Jong Say Yong

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

If you experience problems downloading a file, check if you have the proper application to view it first. 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
Download Restriction: no

Bibliographic Info

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

as in new window
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
Phone: (202) 477-1234
Email:
Web page: http://www.worldbank.org/
More information through EDIRC

Related research

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

References

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.:
as in new window
  1. Blum, U.C.H. & Foos, G. & Gaudry, M.J.I., 1986. "Aggregate Time Series Gasoline Demand Models. Review of the Literature and New Evidence for West Germany," Cahiers de recherche 8617, Universite de Montreal, Departement de sciences economiques.
  2. Appelbaum, Elie, 1982. "The estimation of the degree of oligopoly power," Journal of Econometrics, Elsevier, vol. 19(2-3), pages 287-299, August.
  3. 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.
  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.
  5. 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.
  6. 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.
Full references (including those not matched with items on IDEAS)

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
This item has more than 25 citations. To prevent cluttering this page, these citations are listed on a separate page.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:wbk:wbrwps:359. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Roula I. Yazigi).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.