Article1989

Alternative Demand Models and Their Elasticity Estimates

126 citations0/0 files storedJournal of Transport Economics and Policy

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Economics of Agriculture and Food Markets Economic and Environmental Valuation Energy, Environment, and Transportation Policies

Abstract

Choice of functional form for the demand (forecasting) model is very important for empirical research. Of the five models examined, the translog demand system with theoretical constraints imposed upon the parameters performs the best. But further investigation is needed.

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References

1972Conditional logit analysis of qualitative choice behavior 1974The measurement of urban travel demand 1977Urban Travel Demand: A Behavioral Analysis 1971An Application of the Shephard Duality Theorem: A Generalized Leontief Production Function 1980Econometric Models for Probabilistic Choice Among Products 1984Economies of Density versus Economies of Scale: Why Trunk and Local Service Airline Costs Differ 2021Quantitative Methods for Analysing Travel Behaviour of Individuals 1981Productivity growth, scale economies, and capacity utilization in US railroads, 1955-74.

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