Estimates of price elasticity of demand for urban freeway use with high-frequency control variables: the case of Santiago, Chile
Dublin Core
Fecha
Tipo
Zotero
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
Colección
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 30 de noviembre de 2023, http://pubs.cedeus.cl/omeka/document/72.
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