Abstract

The efficiency of a road pricing scheme to optimize the use of transport infrastructure depends on the available information regarding the price elasticity of demand for bridges, tunnels and highways. The aim of this paper is to estimate the price elasticity of demand for toll roads in Chile using the seemingly unrelated regressions (SUR) method and a panel of 48 monthly data drawn from 21 toll plazas (48 x 21). Our results show that, even when controlling for gasoline prices and economic activity, the demand for road use is very price inelastic, with values ranging from -0.17 for cars and -0.05 for trucks. [PUBLICATION ABSTRACT]

Details

Title
Elasticidad precio de la demanda por autopistas interurbanas en Chile
Author
Saens, Rodrigo; Lobos, Germán
Pages
143
Publication year
2013
Publication date
Jul/Dec 2013
Publisher
Universidad de Antioquía
ISSN
01202596
e-ISSN
23230622
Source type
Scholarly Journal
Language of publication
Spanish
ProQuest document ID
1508837753
Copyright
Copyright Universidad de Antioquia Jul/Dec 2013