Békés, Gábor; Koren, Miklós; Zsohár, Péter - 2011
purely region/local market specific attributes. Second, we extend the estimation of the demand side and partly use it as … firms' and transit traffic demand. To estimate the elasticity of demand we use quantitative (population, number of firms and … to instrument station density, used in classical price estimation models, (partly) with demand factors. We find that …
