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- W630938375 abstract "The objective of this study was to demonstrate that: a) the assumption that the effects of subsidy upon public transport use occur very swiftly was incorrect, and therefore that if static methods were used to calculate the elasticities, inaccurate results would be produced; b) a clearer picture of these effects could be obtained by considering the dynamic process by which demand could be influenced by subsidy level. The main source of evidence for this was provided by the experience of South Yorkshire county council from 1975 to 1985, where a policy that produced both a reduction in fares and an increase in level of service also produced a 7% increase in bus use. Studies on the effects of this policy were carried out to investigate the changes observed during this period in the ages of bus users, the interaction between car ownership and bus use, and the implication of these findings for elasticities. It was found that changes in travel demand were underestimated if only the first year after subsidy was considered. With a period of 5-10 years, the elasticities were likely to be twice as great as those commonly used." @default.
- W630938375 created "2016-06-24" @default.
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- W630938375 date "1987-01-01" @default.
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- W630938375 title "LONG-TERM EFFECTS OF PUBLIC TRANSPORT SUBSIDY" @default.
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