The DfT is to review the 2004 report, The demand for public transport manual:a practical guide, to see if the values it recommended remain relevant today.
The 2004 report, prepared by a research team led by TRL, provided elasticity values explaining the relationship between demand and influences such as fare changes and income. It replaced the original 1980 publication, widely known as the ‘black book’.
News of the review is contained in a report setting out the...
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