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New Understanding of Pricing Impacts on Travel

by LiveModern Webmaster last modified Jan 04, 2012 04:22 AM
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by Todd Litman last modified Dec 04, 2011

Bad planning simply extrapolates past trends: “We experienced 2% annual growth during the last decade, so we’ll assume that will continue into the future.” Good planning attempts to understand underlying factors that affect change. Such is the case with the price elasticity of vehicle travel, that is, the changes in vehicle travel caused by a change in transport prices (fuel, parking, tolls, insurance, etc.). read more






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