New study says rail passengers more sensitive to cost changes

The Department for Transport has published a new rail demand forecasting framework developed by Oxera and Arup. This framework was commissioned by the DfT, Transport Scotland and the Passenger Demand Forecasting Council. The ‘Revisiting the elasticity-based framework’ study is, Oxera says, one of the largest and most comprehensive research studies into GB rail passenger demand in recent years. It created a new dataset of demand and demand driver data that, the company adds, will be...

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