@article{ART001697963},
author={Lee Jaimin and SangYong Han},
title={A Study on the Fare Elasticities of the Railroad Passenger Demand},
journal={The Korea Spatial Planning Review},
issn={1229-8638},
year={2012},
volume={74},
pages={3-16},
doi={10.15793/kspr.2012.74..001}
TY - JOUR
AU - Lee Jaimin
AU - SangYong Han
TI - A Study on the Fare Elasticities of the Railroad Passenger Demand
JO - The Korea Spatial Planning Review
PY - 2012
VL - 74
IS - null
PB - 국토연구원
SP - 3
EP - 16
SN - 1229-8638
AB - We estimated the transport demand functions for KTX and Saemaeul to analyze the effects of the rise in fares enforced by the Korea Railroad Corporation(Korail). We used the monthly data from April 2005 to June 2011 of KTX and Saemaeul and unit root test, cointegration test, and error correction model. The gross domestic products and fuel prices increased the transport demand for KTX, whereas its fares decreased its transport demand. In addition, the gross domestic products and fares decreased the transport demand for Saemaeul. The absolute values of the elasticities of transport demand with respect to fares in KTX and Saemaeul are less than one, which is inelastic. We analyzed the changes of transport demand and revenues in KTX and Saemaeul resulted from the rise of fares, which was enacted in December 2011. We showed that the rise in fares would increase the revenues of Korail.
KW - Railroad;Fares;KTX;Saemaeul;Transport Demand
DO - 10.15793/kspr.2012.74..001
ER -
Lee Jaimin and SangYong Han. (2012). A Study on the Fare Elasticities of the Railroad Passenger Demand. The Korea Spatial Planning Review, 74, 3-16.
Lee Jaimin and SangYong Han. 2012, "A Study on the Fare Elasticities of the Railroad Passenger Demand", The Korea Spatial Planning Review, vol.74, pp.3-16. Available from: doi:10.15793/kspr.2012.74..001
Lee Jaimin, SangYong Han "A Study on the Fare Elasticities of the Railroad Passenger Demand" The Korea Spatial Planning Review 74 pp.3-16 (2012) : 3.
Lee Jaimin, SangYong Han. A Study on the Fare Elasticities of the Railroad Passenger Demand. 2012; 74 3-16. Available from: doi:10.15793/kspr.2012.74..001
Lee Jaimin and SangYong Han. "A Study on the Fare Elasticities of the Railroad Passenger Demand" The Korea Spatial Planning Review 74(2012) : 3-16.doi: 10.15793/kspr.2012.74..001
Lee Jaimin; SangYong Han. A Study on the Fare Elasticities of the Railroad Passenger Demand. The Korea Spatial Planning Review, 74, 3-16. doi: 10.15793/kspr.2012.74..001
Lee Jaimin; SangYong Han. A Study on the Fare Elasticities of the Railroad Passenger Demand. The Korea Spatial Planning Review. 2012; 74 3-16. doi: 10.15793/kspr.2012.74..001
Lee Jaimin, SangYong Han. A Study on the Fare Elasticities of the Railroad Passenger Demand. 2012; 74 3-16. Available from: doi:10.15793/kspr.2012.74..001
Lee Jaimin and SangYong Han. "A Study on the Fare Elasticities of the Railroad Passenger Demand" The Korea Spatial Planning Review 74(2012) : 3-16.doi: 10.15793/kspr.2012.74..001
