Hysteresis in travel demand |
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| Authors: | J. H. Blase |
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| Affiliation: | Department of Planning and Transportation , Greater London Council |
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| Abstract: | This paper presents evidence that there is a hysteresis effect in the demand for transport usage with respect to price. Consequently the neoclassical concept of a smooth continuous demand curve is questioned. The author presents a hysteresis model whereby changes in demand and of demand are embraced in a single theory related to generalized cost. |
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| Keywords: | system-of-systems multimodal transport emissions policy alternative fuels on-demand air service |
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