An Analysis of Travel Demand in Japan's Intercity Market Empirical Estimation and Policy Simulation. (1st January 2014)

• Record Type: Journal Article
• Authors: Fu, Xiaowen; Oum, Tae; Yan, Jia
• Is Part Of: Journal of transport economics and policy. Volume 48:Number 1(2014:Jan.)
• Page Start: 97
• Page End: 113
• Publication Date: 2014-01-01
• Subjects: Transportation -- Periodicals; 388.05
• Languages: English
• ISSNs: 1754-5951

Abstract

This study estimates a travel demand model in Japan's intercity market with aggregate OD data. The estimated model is used to estimate the effects of introducing super high-speed-rail (HSR), and alternative levels of CO2 emission taxation on the demands for airline and HSR modes. It is found that: (a) there is clear product differentiation between air and rail travel; (b) Japanese consumers are sensitive to travel time and frequency; (c) the proposed Tokyo–Osaka HSR services would drive airlines out of the route while stimulating substantial new traffic; and (d) CO2 taxation would have a moderate impact on modal shift.