Econometrics Commons^™

How Do Changes In Gasoline Prices Affect Bus Ridership In The Twin Cities?, Kim Eng Ky

Economics Honors Projects

What determines the likelihood a resident will take public transit? To understand the relative effects of various determinants of ridership, this study focuses on the effects of gasoline prices, controlling for other determinants such as number of workdays in a given month, traffic, unemployment rate, and service quality. As gasoline prices increase, it becomes more expensive to drive a car. Thus, customers would likely shy away from driving and substitute towards the alternatives; one of which is public transportation. This study aims to find the relationship between gasoline prices and bus ridership at a disaggregated level (route type level) in …