Price Transmission Mechanism of Transit Service in City

Guang Lin Sun; Jian Wang

doi:10.4028/www.scientific.net/AEF.5.44

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HomeAdvanced Engineering ForumAdvanced Engineering Forum Vol. 5Price Transmission Mechanism of Transit Service in...

Price Transmission Mechanism of Transit Service in City

Abstract:

Price transmission of transit service is a distinct mechanism with common characters. This paper aims to provide the nature and law of price transmission of transit service. The transmission of transit service prices is defined and transmission routes are classified into vertical and horizontal. The cost-push and demand-push are to drive the price carriers along transmission routes, which produces the price transmission network. Augmented Dickey-Fuller (ADF) and Granger co-integration test are used to measure the cost-push price transmission. For demand-push price transmission, the demand elasticity was used to model the relationship between transit demand and prices.

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Periodical:

Advanced Engineering Forum (Volume 5)

Pages:

44-49

DOI:

https://doi.org/10.4028/www.scientific.net/AEF.5.44

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Online since:

July 2012

Authors:

Guang Lin Sun, Jian Wang

Keywords:

Transit Price, Transmission Mechanism, Transmission Network

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