№ files_lp_4_process_3_082280
Analytical note on a public transport concession methodology outlining the Discount Factor Method for estimating the use of day and weekly tickets by passholders based on observed journey data and counterfactual adjustments.
Year: 2014
Region: United Kingdom
Topic: Public transport concession analysis
Document type: Group file note
Organization: Passenger Transport Executive
Author: Not specified
Target audience: Travel Concession Authorities, transport analysts
Period covered: Reference period for data collection (2009, 5 weeks in Lancashire districts)
Data sources: NoWcard dataset, operator ticket sales, smartcard concessionary journey data
Methodology: Discount Factor Method, comparison with basket of fares method
Purpose: Estimation of counterfactual ticket usage and revenue forgone
Implementation tools: DfT Calculator spreadsheet
Key concepts: Reimbursement factor, degeneration, price ratios, journey frequency distribution
Price: 8 / 10 USD
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