This paper reports the findings of an economic evaluation of fares regulation options for Britain's railways. The evaluation is based on the development of an econometric demand model based on a large scale survey of passenger preferences. The model was applied to comprehensive case study...

The aim of this research was to extend direct demand models to analyse elasticity variation in more detail, and in particular to examine the interaction between rail and competing modes. Relatively little is known about the interaction between modes in the inter-urban travel market. We have...

To date, forecasts of the demand impacts of lateness and reliability have been derived largely from individual-level models taken at a snapshot in time. The contribution of this paper is to develop a dynamic model of rail demand at the market-level, yielding short and long-run elasticities with...

A large amount of evidence has been amassed in Great Britain on the values of time and a wide range of service quality attributes. This paper reports meta-analysis of a large number of valuations of these attributes, including in-vehicle time, walk time, wait time, service headway, interchange,...

This paper estimates an enhanced model for forecasting railway demand and to explain the high levels of growth in the 1990s in Great Britain. The key driver of demand is found to be GDP, but variations in car times, fuel costs, car ownership, population and a post-privatisation time trend also...