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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.
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.
Hysteresis in travel demand
Blase, J. H. (Autor:in)
Transportation Planning and Technology ; 6 ; 109-115
01.01.1980
7 pages
Aufsatz (Zeitschrift)
Elektronische Ressource
Unbekannt
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