Abstract
This paper develops general expenditure choice elasticities, suitable for travel and accommodation. Expenditure and quantity choice elasticities are predominantly linear combinations of compensated price elasticities, but expenditure may have an appreciable income component. Generation elasticities are linear combinations of compensated price elasticities, with a small income effect.
Original language | English |
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Pages (from-to) | 183-191 |
Journal | Journal of Transport Economics and Policy |
Volume | 31 |
Issue number | 2 |
Publication status | Published - 1997 |