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Study on the Price Elasticity of Demand of Beijing Subway

Yanan Miao and Liang Gao
MOE Key Laboratory for Urban Transportation Complex Systems Theory and Technology, Beijing Jiaotong University
Abstract—With the gradually development of Beijing Subway network, passenger volume grows fast and the government bear more and more subsidies. We focus on the price elasticity of travel demand of Beijing Subway, in order to point out the relationship between them. We hope our study can provide the government important reference in designing more efficient price scheme and ensure the sustainable development of Beijing Subway.

Index Terms—Beijing subway, price elasticity, travel demand

Cite: Yanan Miao and Liang Gao, "Study on the Price Elasticity of Demand of Beijing Subway," Journal of Traffic and Logistics Engineering, Vol. 1, No. 1, pp. 25-29,  June 2013. doi: 10.12720/jtle.1.1.25-29
 
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