%0 Journal Article
%T Measuring unobserved prices using the structural time-series model: The case of cycling
%J Transportation research part A: policy and practice
%D 2010
%A Broadstock, David C.
%A Collins, Andrew
%V 44
%N 4
%P 195-200
%X This study presents a means of determining a historic (generalised cost based) price index for cycling in the UK for the period 1949-2006 using annual demand data. By specifying demand as a function of generalised price and income and then applying a structural time-series model to elucidate the unobserved component of prices (while controlling for observed income levels), it is illustrated that the role of prices in influencing demand is non-trivial. Over the sample period price responses generally influence demand for cycling to a greater extent than income effects.<p />
%G en
%I Elsevier Publishing
%@ 0965-8564
%U http://dx.doi.org/10.1016/j.tra.2010.01.002