Title:
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The demand elasticity on tolled motorways
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Author:
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Matas i Prat, Anna; Raymond Bara, José Luis; Universitat Autònoma de Barcelona. Departament d'Economia Aplicada
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Abstract:
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This paper analyses the elasticities of demand in tolled motorways in Spain with respect to the main variables influencing it. The demand equation is estimated using a panel data set where the cross-section observations correspond to the different Spanish tolled motorways sections, and the temporal dimension ranges from the beginning of the eighties until the end of the nineties. The results show a high elasticity with respect to the economic activity level. The average elasticity with respect to petrol price falls around -0.3, while toll elasticities clearly vary across motorway sections. These motorway sections are classified into four groups according to the estimated toll elasticity with values that range from -0.21 for the most inelastic to -0.83 for the most elastic. The main factors that explain such differences are the quality of the alternative road and the length of the section. The long-term effect is about 50 per cent higher than the short term one; however, the period of adjustment is relatively short. |
Subject(s):
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-Transport -- Aspectes econòmics |
Rights:
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open access
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Document type:
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Working paper |
Published by:
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Share:
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Uri:
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https://ddd.uab.cat/record/44341
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