Abstract
This article focus on how the cost of travel affects travel behavior. A trip frequency model for recreational and shopping trips is suggested and used to investigate this. The data that is used comes from a Swedish travel habit survey where the respondents’ trip frequencies of both types of trips on a certain day are recorded. This is likely to introduce a correlation structure, which is incorporated in the model. Special attention is paid to the effect of travel cost on trip frequencies for different regions and income groups. As a measure of the sensitivity of cost changes, elasticity of demand is calculated. The precision of the elasticities are evaluated with simulated p-values.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
