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No. 94. CONSUMER DEMAND ANALYSIS OF COMPLEMENTARITIES AND SUBSTITUTIONS IN THE GREEK PASSENGER TRANSPORT MARKET

Published in DISCUSSION PAPERS

T. Tsekeris. 2007. 

 

This paper provides an aggregate analysis of the substitution and complementarity relationships among all available transport modes for domestic travel in Greece within the period 1994-2004. The proposed model is based on consumer demand theory and builds on the Almost Ideal Demand System. It processes information concerning both the temporal and spatial variability of demand, as well as factors influencing the travel budget allocation of Greek households. The results obtained from this application of an extended panel demand system reveal the different natures of distinct travel commodities. Also, they indicate the existence of significant substitution as well as complementarity relationships in the Greek passenger transport market. The findings of the study can provide useful insights for the formulation and assessment of transport policies which focus on managing travel demand by private vehicles and increasing the (integrated) usage of public transport modes.

 

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