TY  - JOUR
PY  - 2010//
TI  - Measuring unobserved prices using the structural time-series model: The case of cycling
JO  - Transportation research part A: policy and practice
A1  - Broadstock, David C.
A1  - Collins, Andrew
SP  - 195
EP  - 200
VL  - 44
IS  - 4
N2  - 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 />
LA  - en
SN  - 0965-8564
UR  - http://dx.doi.org/10.1016/j.tra.2010.01.002
ID  - ref1
ER  -