2016
DOI: 10.3141/2597-12
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Price Elasticity of Demand on the High-Speed Rail Lines of Spain: Impact of the New Pricing Scheme

Abstract: Reduced travel time, regional cohesion, economic development, and environmental benefits were some of the reasons given to develop a high-speed rail (HSR) network in Spain. Since the first high-speed line in Spain opened in 1992, HSR has been a part of the travel experience, despite recent concerns raised about the lack of demand and low occupancy rates of HSR trains compared with those in other countries. In February 2013, Renfe Operadora, Spain’s state-owned transport company, implemented a new pricing schem… Show more

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Cited by 20 publications
(5 citation statements)
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References 34 publications
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“…Similarly to other studies [47,48] and commercial experiences [49], an average occupancy rate of the 65% is here considered, and using the Dalla Chiara average figure, the final specific energy consumption of HST results in 0.057 kWh/PKM; this figure is in good agreement with other previous studies [11,50]. The potential emissions advantage of the HSR compared to aircraft is strongly affected by the mix of primary energy sources used for the electricity generation.…”
Section: Emission Impact Of Rail Transportsupporting
confidence: 84%
“…Similarly to other studies [47,48] and commercial experiences [49], an average occupancy rate of the 65% is here considered, and using the Dalla Chiara average figure, the final specific energy consumption of HST results in 0.057 kWh/PKM; this figure is in good agreement with other previous studies [11,50]. The potential emissions advantage of the HSR compared to aircraft is strongly affected by the mix of primary energy sources used for the electricity generation.…”
Section: Emission Impact Of Rail Transportsupporting
confidence: 84%
“…The change is in the specific modal attributes that have a higher utility for rail services than for air services, representing the quality of the service offered by HSR trains. This result confirms what has been achieved in other countries [32,33].…”
supporting
confidence: 92%
“…Spain is located in Southwestern Europe, with a GDP per capita of e25,966 in 2016 and 3% of an average annual growth (Hortelano et al, 2016). In Spain, the first HSR line was opened in 1992, connecting Madrid, Cordoba and Seville, stretching from the center of the country to the southern side of the Iberian Peninsula for a length of 471 kilometers, while Seville hosted the Universal Exposition in April 1992.…”
Section: Spainmentioning
confidence: 99%
“…In this case, Spain took advantage of European funds after joining the EU in 1986 to develop its HSR network. However, the first high-speed rail line was built based on the technical standards of the TGV network with a standard gauge of 1,435 mm (Hortelano et al, 2016). In 2013, there was an accident of HS train on the Madrid-Ferrol route due to doubling the allowed speed of 80 km/h at the entering of a bend.…”
Section: Spainmentioning
confidence: 99%