The Tribunal commissioned the Institute of Transport Studies (ITS) to conduct a survey within the Sydney region to estimate the sensitivity of travel choice to fare changes. This sensitivity is referred to as fare elasticity.
The Independent Pricing and Regulatory Tribunal of NSW is undertaking a review of the pricing policies for urban public passenger transport.
When people use public transport, they generate benefits for and impose costs on others. The main external benefit of a person taking public transport instead of driving is the avoided cost of congestion on roads.