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- W612359817 abstract "This report refines current estimates of the sensitivity of lrt traffic to factors such as: fares and ticketing policy; service level and quality; and external economic and social trends. The survey updates to the end of 1985 the analysis reported in research report R248, which covered the period 1970-1980. A principle aim of the new study was to provide some formal analysis of the changes in lrt ticketing policies introduced since 1981. The analysis provided clear evidence that these changes have increased revenues significantly beyond what would be expected from changes in the fares level. The more general results regarding price elasticity, showing how the own price elasticity can be broken down into transfer and conditional approaches, are very similar to those reported in R248. For example, there is the same apparent hierarchy of intermodal interactions with the underground sensitive to fares on both bus and British rail. The main difference is the apparent asymmetry of the revenue exchange between bus and underground. The results suggest, for example, that the revenue gain by bus following an increase in underground fares is relatively small. (TRRL)" @default.
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- W612359817 date "1987-04-01" @default.
- W612359817 modified "2023-09-23" @default.
- W612359817 title "TRAFFIC TRENDS SINCE 1970. AN ANALYSIS OF LONDON BUS AND UNDERGROUND TRAVEL TRENDS (1970-85)" @default.
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