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  • Figure 4. Generated Traffic and Induced Traffic

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    super008
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    The document compares generated traffic due to decreases in transport costs with induced traffic due to local economic development. It shows generated traffic increasing from ADT1 to ADT2 as transport costs decrease from COST1 to COST2, leading to consumer surplus. Induced traffic increases from ADT2 to ADT3 as local economic development causes transport costs to decrease from COST1 to COST2, also leading to consumer surplus. The user can input either the percent of normal traffic that is generated or the price elasticity of demand to analyze generated traffic, and the amount of induced traffic to analyze effects of local economic development.

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    Generated Traffic

    Original Title

    Generated Traffic

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    The document compares generated traffic due to decreases in transport costs with induced traffic due to local economic development. It shows generated traffic increasing from ADT1 to ADT2 as transport costs decrease from COST1 to COST2, leading to consumer surplus. Induced traffic increases from ADT2 to ADT3 as local economic development causes transport costs to decrease from COST1 to COST2, also leading to consumer surplus. The user can input either the percent of normal traffic that is generated or the price elasticity of demand to analyze generated traffic, and the amount of induced traffic to analyze effects of local economic development.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    14 views1 page

    Figure 4. Generated Traffic and Induced Traffic

    Uploaded by

    super008
    The document compares generated traffic due to decreases in transport costs with induced traffic due to local economic development. It shows generated traffic increasing from ADT1 to ADT2 as transport costs decrease from COST1 to COST2, leading to consumer surplus. Induced traffic increases from ADT2 to ADT3 as local economic development causes transport costs to decrease from COST1 to COST2, also leading to consumer surplus. The user can input either the percent of normal traffic that is generated or the price elasticity of demand to analyze generated traffic, and the amount of induced traffic to analyze effects of local economic development.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 1

    Figure 4.

    Generated Traffic and Induced Traffic

    Generated Traffic Due to Decrease in Transport Costs Induced Traffic Due to Local Economic Development
    Transport Costs Transport Costs

    Consumer Consumer
    Surplus Surplus

    COST1 COST1

    COST2 COST2

    d2

    d1 d1

    ADT1 ADT2 Traffic ADT2 ADT3 Traffic

    Normal Generated Traffic Induced Traffic


    Traffic Due to Decrease in Due to Local Economic
    Transport Costs Development

    User enters: User enters:


    - Percent of normal traffic or - Amount of induced traffic due to local economic development
    or
    - Price elasticity of demand = Percent Increase in Traffic
    Percent Decrease in Transport Cost

    The RED Software User Guide - 42

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