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Title: Role of Air Travel Demand Elasticities in Reducing Aviation’s Carbon Dioxide Emissions: Evidence for European Airlines
Accession Number: 01366204
Record Type: Component
Record URL: Availability: Transportation Research Board Business Office 500 Fifth Street, NW Find a library where document is available Abstract: This paper develops a new set of European air travel demand elasticities with data from the International Civil Aviation Organization; a new database was constructed in the context of examining the role for dynamic demand management in reducing aviation carbon dioxide (CO2) emissions. The results indicate that air travel demand appears to be fairly price inelastic, with a fare elasticity of −0.29% in the short run and −0.44% in the long run. As a result, demand management strategies focused solely on increasing air fares may do little to curb demand growth. In contrast, supply restrictions in the form of reduced service frequencies may offer a more effective means of reducing aviation CO2 emissions—a 10% reduction in frequency levels is found to reduce passenger demand by 5% in the short run and 7.6% in the long run—although such restrictions can create negative economic consequences. A combination of supply restrictions and pricing may offer a more balanced solution.
Monograph Title: Monograph Accession #: 01453667
Report/Paper Numbers: 12-2104
Language: English
Authors: Molloy, JarlathMelo, Patricia CGraham, Daniel JMajumdar, ArnabOchieng, Washington YPagination: pp. 31–41
Publication Date: 2012
ISBN: 9780309262972
Media Type: Print
Features: Figures; References; Tables
TRT Terms: Uncontrolled Terms: Geographic Terms: Subject Areas: Aviation; Economics; Environment; I10: Economics and Administration; I15: Environment
Files: TRIS, TRB, ATRI
Created Date: Feb 8 2012 5:07PM
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