Establishing A Fare Elasticity Regime for Urban Passenger Transport

This paper uses a model to obtain empirically realistic results. A data set collected in Sydney in 1995 is used to obtain a matrix of direct- and cross-elasticities, which reflects the market environment in which commuters make choices. This results in a richer understanding of how travellers respond to fare profiles that are not always observed in real markets, but which may be of interest as potential alternatives to those offered in current markets.