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Price and Income Elasticities for Intercity Public Transport in Spain

  • Pablo Coto-Millán
  • Jose Baños-Pino
  • Gema Carrera-Gómez
  • Juan Castanedo-Galán
  • Miguel A. Pesquera
  • Vicente Inglada
  • Rubén Sainz
Part of the Contributions to Economics book series (CE)

3.5 Conclusions

The previous models, based on the conventional demand theory, provide us with empirical evidence for road, railway and air transport in Spain from 1980 to 1988. We obtain the Marshallian demand functions with respect to relevant income and price variables for each modes of transport analyzed. In this work we offer income and price elasticities estimations as well as exchange of data aggregated to interurban passengers transport in Spain. It is necessary to be cautious when interpreting data, due to the high variable aggregation. Some research could be made in the future on this type of model from the desagregation of transport service demand into different lines.

Keywords

Price Elasticity Income Elasticity Road Transport Transport Service Passenger Transport 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Physica-Verlag Heidelberg 2007

Authors and Affiliations

  • Pablo Coto-Millán
    • 1
  • Jose Baños-Pino
    • 2
  • Gema Carrera-Gómez
    • 1
  • Juan Castanedo-Galán
    • 3
  • Miguel A. Pesquera
    • 3
  • Vicente Inglada
    • 4
  • Rubén Sainz
    • 1
  1. 1.Department of EconomicsUniversity of CantabriaSpain
  2. 2.Department of EconomicsUniversity of OviedoSpain
  3. 3.Department of TransportsUniversity of CantabriaSpain
  4. 4.Department of EconomicsUniversity Carlos III of MadridSpain

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