The Influence of Free Transport in Rail Passenger Transport on the Elasticity of Demand of Rail Passenger Transport

The article focuses on the elasticity of the demand for transport services in rail passenger transport in the Slovak Republic after introducing free transport for students and retirees. The article studies the impact on income and cross elasticity, given that the fare for rail transport is regulated...

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Bibliographic Details
Main Authors: Brumerčíková, Eva, Buková, Bibiana, Kondek, Pavol
Format: Conference Proceeding
Language:English
Subjects:
Economic models
Elasticity of demand
Income
Passengers
Price elasticity
Rail transportation
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Summary:The article focuses on the elasticity of the demand for transport services in rail passenger transport in the Slovak Republic after introducing free transport for students and retirees. The article studies the impact on income and cross elasticity, given that the fare for rail transport is regulated by the state and, therefore, there is no price elasticity. The article characterizes the volume of transport services in rail passenger transport and the impact of the introduction of free transport on the cross and income elasticity.
ISSN:2261-236X
2274-7214
2261-236X
DOI:10.1051/matecconf/201713400002