The impact of high-speed technology on railway demand
This paper estimates a passenger railway demand function to analyse effects arising from the introduction and use of high-speed technologies. The paper reports estimates of demand elasticities with respect to price, income, quality of service and a range of exogenous characteristics. The results sho...
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| Format: | article |
| Language: | eng |
| Published: |
2008
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| Online Access: | https://repositorio-aberto.up.pt/handle/10216/97443 |
| Country: | Portugal |
| Oai: | oai:repositorio-aberto.up.pt:10216/97443 |
| Summary: | This paper estimates a passenger railway demand function to analyse effects arising from the introduction and use of high-speed technologies. The paper reports estimates of demand elasticities with respect to price, income, quality of service and a range of exogenous characteristics. The results show that travel time savings from conventional high-speed technology have a larger impact on passenger demand than tilting train technology. The introduction of conventional high-speed technology is associated with an 8% increase in passenger railway demand. Increasing the use of either type of high-speed technology appears to induce small positive effects on demand beyond those obtained from usual traffic density increases on non-high-speed existing technology. |
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