|
|
|
Title: DEMOGRAPHIC AND ENERGY EFFECTS ON THE U.S. DEMAND FOR BICYCLES
Accession Number: 00470879
Record Type: Component
Availability: Find a library where document is available Abstract: The role played by demographics as well as the energy crisis in the resurgence of the demand for bicycles in the United States over the last 20 years is investigated. Although there have been several studies in this area, none presents an econometric estimation of demand. This study fills that void. The results are surprising. Demographics, and in particular the Baby Boom, have had no significant effect, whereas the energy crisis has. Less surprising is the conclusion that the resurgence of bicycle use in the early 1970s resulted from faddish preferences on the part of consumers. Some key elasticities are own price, -2.70; income, 2.77; price of gasoline, 0.51. For example, a 1 percent increase in the price of bicycles results in a 2.7 percent decline in their sales.
Supplemental Notes: Publication of this paper sponsored by Committee on Bicycling and Bicycle Facilities. Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved
Monograph Title: Monograph Accession #: 00623529
Corporate Authors: Transportation Research Board 500 Fifth Street, NW Authors: Kerr, Peter MPagination: pp 37-42
Publication Date: 1987
Serial: ISBN: 0-309-04520-7
Media Type: Print
Features: Figures
(2)
; References
(11)
; Tables
(2)
TRT Terms: Uncontrolled Terms: Subject Areas: Economics; Energy; Finance; Highways; Safety and Human Factors; Society; I10: Economics and Administration
Files: TRIS, TRB
Created Date: Aug 31 1988 12:00AM
More Articles from this Serial Issue:
|
