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Abstract This paper examines the demand for local bus services in England. The study is based on a dynamic model relating per capita bus patronage to bus fares, income, and service level, and is estimated using a combination of time-series and cross-section data for English counties. The results...
Persistent link: https://www.econbiz.de/10004988142
In this paper, we derive a structural model for commuting speed. We presume that commuting speed is chosen to minimise commuting costs, which encompass both monetary and time costs. At faster speed levels, the monetary costs increase, but the time costs fall. Using data from Great Britain, we...
Persistent link: https://www.econbiz.de/10004988099