INFERRING ORDINARY ELASTICITIES FROM CHOICE OR MODE-SPLIT ELASTICITIES.

Author(s)
Taplin, J.H.E.
Year
Abstract

THE ARTICLE DETAILS THE RELATIONSHIP BETWEEN TRAVEL MODE-SPLIT AND ORDINARY PRICE ELASTICITIES FOR N TRANSPORT MODES. MODE-SPLIT ELASTICITIES CAN BE DERIVED FROM THE N X N SET OF ORDINARY OWN-PRICE AND CROSS-PRICE ELASTICITIES, BUT THE CONVERSE IS NOT TRUE. ONE ORDINARY ELASTICITY ESTIMATE HOWEVER MAKES IT POSSIBLE TO INFER, DIRECTLY AND INDIRECTLY, THE N SECOND STAGE ELASTICITIES. ADDED TO THE MODE-SPLIT ELASTICITIES, THESE GIVE THE ORDINARY ELASTICITIES. EVEN WHEN A SEPARATE ESTIMATE IS NOT AVAILABLE, THE SYSTEM CONSTRAINTS NARROW THE RANGE OF POSSIBLE VALUES OF THE ORDINARY ELASTICITIES.

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Publication

Library number
I 260083 [electronic version only] /72 / IRRD 260083
Source

Journal of Transport Economics and Policy. 1982 /01. 16(1) Pp55-63 (11 Refs.)

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This publication is one of our other publications, and part of our extensive collection of road safety literature, that also includes the SWOV publications.