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

Author

Listed:
  • 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.

Suggested Citation

  • Hans Kremers & Peter Nijkamp & Piet Rietveld, 2000. "A Meta-Analysis of Price Elasticities of Transport Demand in a General Equilibrium Framework," Tinbergen Institute Discussion Papers 00-060/3, Tinbergen Institute.
    • Handle: RePEc:tin:wpaper:20000060
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