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Meta-analysis of British time-related demand elasticity evidence: An update

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  • Wardman, Mark

Abstract

Far less attention has been paid in review studies to time-related elasticities than price elasticities, and this is partly because there is less evidence. Nonetheless, time elasticities are important parameters for transport planning, forecasting and appraisal. This paper builds upon Wardman (2012), which then provided the most extensive account of demand elasticities to car, rail and bus time, rail and bus headway, and rail generalised journey time. It is based upon 741 elasticities drawn from 102 British studies published between 1977 and 2020, as opposed to the 427 elasticities from 69 studies published up to 2010 in the previous study.

Suggested Citation

  • Wardman, Mark, 2022. "Meta-analysis of British time-related demand elasticity evidence: An update," Transportation Research Part A: Policy and Practice, Elsevier, vol. 157(C), pages 198-214.
    • Handle: RePEc:eee:transa:v:157:y:2022:i:c:p:198-214
    DOI: 10.1016/j.tra.2022.02.001
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    References listed on IDEAS

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    1. Wardman, Mark & Hatfield, Andrew & Shires, Jeremy & Ishtaiwi, Mahmoud, 2019. "The sensitivity of rail demand to variations in motoring costs: Findings from a comparison of methods," Transportation Research Part A: Policy and Practice, Elsevier, vol. 119(C), pages 181-199.
    2. Hensher, David A., 2008. "Assessing systematic sources of variation in public transport elasticities: Some comparative warnings," Transportation Research Part A: Policy and Practice, Elsevier, vol. 42(7), pages 1031-1042, August.
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    4. Mark Wardman & Glenn Lyons, 2016. "The digital revolution and worthwhile use of travel time: implications for appraisal and forecasting," Transportation, Springer, vol. 43(3), pages 507-530, May.
    5. Mark Wardman, 2012. "Review and meta-analysis of U.K. time elasticities of travel demand," Transportation, Springer, vol. 39(3), pages 465-490, May.
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    9. Mark Wardman, 2014. "Price Elasticities of Surface Travel Demand A Meta-analysis of UK Evidence," Journal of Transport Economics and Policy, University of Bath, vol. 48(3), pages 367-384, September.
    10. Espey, Molly, 1998. "Gasoline demand revisited: an international meta-analysis of elasticities," Energy Economics, Elsevier, vol. 20(3), pages 273-295, June.
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    14. Mark Wardman & Phani Chintakayala & Chris Heywood, 2020. "The valuation and demand impacts of the worthwhile use of travel time with specific reference to the digital revolution and endogeneity," Transportation, Springer, vol. 47(3), pages 1515-1540, June.
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