Graham, Daniel J.; Crotte, Amado; Anderson, Richard J. - In: Transportation Research Part E: Logistics and … 45 (2009) 5, pp. 787-794
A dynamic panel model is used to estimate the effect that fares, income and quality of service have on demand for a sample of 22 urban metros. The estimated price elasticity is -0.05 in the short run and -0.33 in the long run. The estimated long run income elasticity is small but positive...