Cictp 2012 2012
DOI: 10.1061/9780784412442.368
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Long-Run Elasticity of Demand for Passenger Car Travel with Respect to Highway Tolls and Gasoline Prices for Long Distance Trips

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Cited by 3 publications
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“…This dataset was used in this study to estimate sets of econometric models on long-distance travels. The details of the model components and estimation results can be found in previous works by the authors ( 20, 21 ).…”
Section: Model Overviewmentioning
confidence: 99%
“…This dataset was used in this study to estimate sets of econometric models on long-distance travels. The details of the model components and estimation results can be found in previous works by the authors ( 20, 21 ).…”
Section: Model Overviewmentioning
confidence: 99%
“…Unlike GDP per capita, it does not reflect the evolution of the average income per inhabitant within a certain territory, but only approaches the amount of those individuals potentially having a higher income. The only reference of Employment as an explanatory variable for road traffic is found in Zhang (2012) for the case of the Oklahoma toll network. This author considered employment of non-agricultural sectors, obtaining an elasticity of 0.25.…”
Section: Key Socioeconomic Variables Explaining Road Demand Evolutionmentioning
confidence: 99%
“…As for the socioeconomic variables in the model, short-run elasticities with respect to population averaged 1.31, while results for unemployment rate were surprisingly small (+0.0) on average. Burris and Huang (2011) For the case of the Oklahoma interurban toll network, Zhang et al (2012) Authority focused on the potential impacts that gas prices can have on toll revenues rather than purely on travel demand, with no deep analysis conducted on traffic data.…”
Section: Previous Research For Toll Roadsmentioning
confidence: 99%