Detailed Description

“Reimbursement of bus operators for concessionary travel has become increasingly important with the introduction of free local travel for older and disabled people in April 2006, and the extension to free national travel on all local bus services in England from April 2008. This publication brings together a number of research reports recently commissioned by the Department for Transport  and undertaken by the Institute for Transport Studies University of Leeds.  The research reports reliable, robust, evidence-based estimates of the key elements of reimbursement, together with an assessment of the feasibility of, and the evidence necessary to support, a more deterministic approach to reimbursement. There are a number of specific issues the research covers including the shape of demand curves, fare- and service-level elasticities, passholder trip rates and additional marginal and capacity costs”.