Demand and Revenue Implications of an Integrated Public Transport Policy: The Case of Madrid
By Anna Matas. 2004
133 citations recorded by the source corpus.
One of the most popular options for promoting public transport use is the provision of an integrated and high‐quality public transport system. This was the strategy adopted by the regional government in Madrid, Spain, in 1986, and since then public transport patronage has increased by more than 50%. This paper has two objectives. The first is to identify the factors underlying the significant increase in the demand for public transport in Madrid. To do this, an aggregate demand function is estimated for bus and underground trips, which allows one to obtain the demand elasticities with respect to the main attributes of public transport services and also to calculate the long‐term impact of changes in those explanatory variables on patronage. The second objective is to evaluate the impact on revenue derived from the introduction of the travel card scheme, and to discuss the consequences on revenue of changes in the relative fare levels of different types of ticket without substantially affecting patronage. This latter issue is addressed by estimating a matrix of own and cross‐price elasticities for different ticket types.
Subfields: Renewable Energy, Sustainability and the Environment, Transportation
View Paper: https://www.semanticscholar.org/paper/f51b4dc99ef34d7651bca62bcad0b0b70a37a4b1
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In Renewable Energy, Sustainability and the Environment
- Daniel Albalate
- G. Santos
- Hannah Behrendt
- G. Bel
- Alexander Teytelboym
- Alejandro Tirachini
- Dániel Hörcher
In Transportation
- Dániel Hörcher
- G. Santos
- Daniel Albalate
- Hannah Behrendt
- G. Bel
- Alexander Teytelboym
- Alejandro Tirachini
Citations in the corpus
- A review of public transport economics (2021, background): “…can be achieved with this form of nonlinear pricing under 17In this period, nonlinear pricing related publications focused on demand estimation, without efficiency considerations; see e.g. FitzRoy and Smith (1998, 1999), Matas (2004), Garćıa-Ferrer et al. (2006), and Gkritza et al. (2011).”
- Part II: Policy instruments for sustainable road transport (2010, background): “…card system is thus found to have increased bus trips bymore than 7 per cent and underground trips by almost 15 per cent e results similar to those reported for the introduction of integrated fare schemes in German and Swiss cities, though not as high as those estimated for London (Matas, 2004).”
- Tourism and urban public transport: Holding demand pressure under supply constraints (2010, background): “…hand, demand is also bolstered by local income providing higher levels of public transport trips as can be also confirmed in recent studies such as Matas (2004) and Rodriguez, Targa, and Aytur (2006). public transport: Holding demand pressure under supply constraints, Regarding demand equations…”