Transit Price Elasticities and Cross - Elasticities

Litman, Todd

doi:10.5038/2375-0901.7.2.3

Cited by 232 publications

(175 citation statements)

References 8 publications

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“…In addition, the authors offer only the principle of the calculation, not a specific methodology. Litman (2004), Nagendra (2012), Dodlova (2013) and others consider taking into account the demand elasticity for passenger transport by price is necessary for developing an optimal tariff policy. This approach of tariff determining based on a research of passenger demand and modelling passenger response to price changes.…”

Section: Literature and Research Reviewsmentioning

confidence: 99%

Development of System Approach to Public Transport Tariff Formation

Postnikov¹

2017

European Proceedings of Social and Behavioural Sciences

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Nowadays the key problem of suburban passenger railway transport functioning in Russia is unprofitability, that testifies necessity of system revision, organization, management and financing of this transport type. Perfection of tariff formation of passenger traffic is effective instrument of optimization for public passenger transport financing. The existent methods analysis of tariff formation for public transport services is conducted in this paper. Nowadays these methods do not reflect interests of all market participants and also do not take into account all influencing factors. The necessity perfection of tariff formation approach is underlined. The new tariff regulation approach that includes three interfacing models (optimal model, transport model and sociological model) and interests of three market participants (authority, passengers and operators) is presented. The aims of all participants are defined. Interaction between optimal, transport and sociological models is described, and the process of its building is also characterized. On the basis of approach to tariff formation the economic-mathematical model is constructed. Approbation of model for optimization of suburban passenger transport tariff system in Perm Region is carried out. The received conclusions demonstrate that more effective tariff system decrease budgetary subsidies for suburban transport financings and increase railway company profitability.

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Section: Literature and Research Reviewsmentioning

confidence: 99%

Development of System Approach to Public Transport Tariff Formation

Postnikov¹

2017

European Proceedings of Social and Behavioural Sciences

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“…In Spain, local and regional authorities fi nance more than 80% of the resources in the largest cities, while the rest is provided by the national government. [3], [4] In Poland, local authorities fi nance 100% of the resources and differences between main activity incomes and costs of the system functioning.…”

Section: The Structure Of Incomes In Public Transit System In the Chomentioning

confidence: 99%

Financing Public Transportation of Passengers

Radosavljević¹,

Radosavljević²,

Gladović

et al. 2016

JTTTP

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Public transporta on of passengers has very important role in the life and func oning of urban areas. Public transporta on of passengers s mulates eff ec ve economic ac vi es, improves the life standard and increases the mobility of the popula on. Such system is diffi cult for fi nancing. The revenue that the system brings is not suffi cient to compensate for the opera onal costs. This research presents the possible ways of fi nancing the system of public transit. There are various experiences in fi nancing the public transit in European ci es, but this problem has been also iden fi ed in the ci es all over the world. The system of public transit in the Republic of Serbia has recently started to implement ac vi es related to the improvement in the quality of work and services, as well as ra onaliza on of the system in all aspects of business and opera on, improvement of organiza on and maintenance at all levels, and increase in the effi ciency and reputa on.

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“…Litman [19] summarized price elasticity in public transit planning and concluded that elasticity was affected by user type, trip type, geography, type and direction of price change, time period, and transit mode. The elasticity of transit ridership with respect to fares was usually within a range of À0.2 to À0.5 in the short run (first year), and increased to À0.6 to À0.9 over the long run (5-10 years).…”

Section: Literature Reviewmentioning

confidence: 99%

Untitled

2013

J of Advced Transportation

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SUMMARYA mathematical model is developed to optimize social and fiscal sustainable operation of a feeder bus system considering realistic network and heterogeneous demand. The objective total profit is a nonlinear, mixed integer function, which is maximized by optimizing the number of stops, headway, and fare. The stops are located which maximize the ridership. The demand elasticity for the bus service is dependent on passengers' access distance, wait time, in-vehicle time, and fare. An optimization algorithm is developed to search for the optimal solution that maximizes the profit. The modeling approach is applied to planning a bus transit system within Woodbridge, New Jersey.

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Transit Price Elasticities and Cross - Elasticities

Cited by 232 publications

References 8 publications

Development of System Approach to Public Transport Tariff Formation

Development of System Approach to Public Transport Tariff Formation

Financing Public Transportation of Passengers

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