Citation

Broadstock DC, Collins A. Transp. Res. A Policy Pract. 2010; 44(4): 195-200.

Copyright

(Copyright © 2010, Elsevier Publishing)

DOI

10.1016/j.tra.2010.01.002

PMID

unavailable

Abstract

This study presents a means of determining a historic (generalised cost based) price index for cycling in the UK for the period 1949-2006 using annual demand data. By specifying demand as a function of generalised price and income and then applying a structural time-series model to elucidate the unobserved component of prices (while controlling for observed income levels), it is illustrated that the role of prices in influencing demand is non-trivial. Over the sample period price responses generally influence demand for cycling to a greater extent than income effects.