Price and income elasticities of demand for air transportation: Empirical evidence from US airfreight industry
This paper examines the demand for airfreight in the US as a function of real income and the price of airfreight between 1996 and 2010. Results show that a unique long-run equilibrium relationship exists between the volume of the US airfreight and the selected variables. The estimated long-run price and income elasticities indicate that US airfreight industry is price and income elastic. It is also found that income is a more powerful determinant of the long-run behavior of US airfreight industry than airfreight price.
Year of publication: |
2012
|
---|---|
Authors: | Chi, Junwook ; Baek, Jungho |
Published in: |
Journal of Air Transport Management. - Elsevier, ISSN 0969-6997. - Vol. 20.2012, C, p. 18-19
|
Publisher: |
Elsevier |
Subject: | Airfreight transportation | Airfreight demand analysis |
Saved in:
Online Resource
Saved in favorites
Similar items by subject
-
İnan, Tüzün Tolga, (2022)
-
İnan, Tüzün Tolga, (2022)
- More ...
Similar items by person
-
A dynamic demand analysis of the United States air-passenger service
Chi, Junwook, (2012)
-
Chi, Junwook, (2012)
-
Chi, Junwook, (2015)
- More ...