Consumer Demand Analysis of Complementarity-Substitution Relationships Among Passenger Transport Modes in Greece

Abstract

An aggregate analysis for domestic travel in Greece between 1994-2004 involving the substitution and complementarity relationships among all available transportation modes is presented in this paper. Based on consumer demand theory, the proposed model builds on the Almost Ideal Demand System. It processes factors including Greek household travel budget allocation and demand temporal and spatial variability. Distinct travel commodities' different natures are revealed through results, which extended panel demand system application obtained. The study also indicates the existence of Greek passenger transportation market complementarity relationships as well as significant substitution. Study findings can provide useful transportation policies formulation and assessment insights focusing on increasing integrated public transportation mode use and managing private vehicle travel demand.