Citation

Blase JH. Transp. Plann. Tech. 1980; 6(2): 109-115.

Copyright

(Copyright © 1980, Informa - Taylor and Francis Group)

DOI

10.1080/03081068008717181

PMID

unavailable

Abstract

This paper presents evidence that there is a hysteresis effect in the demand for transport usage with respect to price. Consequently the neoclassical concept of a smooth continuous demand curve is questioned. The author presents a hysteresis model whereby changes in demand and of demand are embraced in a single theory related to generalized cost.