Estimates of price elasticity of demand for urban freeway use with high-frequency control variables: the case of Santiago, Chile

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Author

Louis de Grange
Felipe González
Rodrigo Troncoso

Tipo de elemento

Journal Article

DOI

10.1080/00036846.2015.1005825

ISSN

0003-6846

Abstract Note

Estimates are presented of toll and fuel price elasticities of demand for urban freeway use in Santiago, Chile. High-frequency toll and vehicle data were collected from four urban freeways for different route segments and times of day. Estimation was performed using log-linear regression models whose explanatory variables were tolls, fuel prices, city traffic levels and sets of dichotomous variables to control for daily, weekly and monthly seasonality. City traffic is a high frequency control of the activity level of the city. The elasticities to changes in tolls and fuel were all low in absolute value. The toll elasticities were below 0.05 for two freeways and 0.16 for the third, while for the fourth, which had more alternative routes, it was 0.47. The fuel price elasticities were also heterogeneous, with values of approximately 0.45 for two freeways and 0.21 for the third whereas for the fourth, which had the fewest alternatives, it was 0.07.

Access Date

2015-12-28 21:45:16

Fecha

May 9, 2015

Issue

22

Library Catalog

Taylor and Francis+NEJM

Páginas

2326-2337

Publication Title

Applied Economics

Short Title

Estimates of price elasticity of demand for urban freeway use with high-frequency control variables

Título

Estimates of price elasticity of demand for urban freeway use with high-frequency control variables: the case of Santiago, Chile

URL

http://dx.doi.org/10.1080/00036846.2015.1005825

Volume

47

Attachment Title

Snapshot

Attachment URL

[No URL]

Archivos

Citación

Louis de Grange, Felipe González, y Rodrigo Troncoso, “Estimates of price elasticity of demand for urban freeway use with high-frequency control variables: the case of Santiago, Chile,” Omeka para Cedeus, consulta 29 de noviembre de 2022, http://pubs.cedeus.cl/omeka/document/72.

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