Value of Travel Time is Lower When Being Driven than when Driving Oneself

Author:

Jabbari Parastoo1ORCID,Ranjbari Andisheh2ORCID,Leiby Paul3ORCID,Mackenzie Don4ORCID

Affiliation:

1. Joby Aviation

2. Pennsylvania State University

3. Oak Ridge National Laboratory

4. University of Washington

Abstract

How does the value of travel time (VOTT) differ between time spent driving and time spent being driven in a car? We examined revealed choices between ridehailing and free-float carsharing using data from an aggregator app that allowed users to choose between these alternatives based on real-time conditions. We used a mixed logit model to control for price, in-vehicle time, and out-of-vehicle time (walk or wait time). The model results indicate that VOTT declines by an average of $23 per hour (approximately 60%) for members of our sample when riding in a ridehailing vehicle versus driving a carsharing vehicle.

Publisher

Network Design Lab - Transport Findings

Reference11 articles.

1. What value do travelers put on connectivity to mobile phone and Internet networks in public transport? Empirical evidence from the Paris region;Nathan Bounie;Transportation Research Part A: Policy and Practice,2019

2. Migo raises $9 million for smartphone app that connects Lyft, Uber, LimeBike and Car2Go;C. Coombs;Puget Sound Business Journal. September,2018

3. VTT or VTTS: a note on terminology for value of travel time work;Andrew Daly;Transportation,2020

4. Potential Changes in Value of Travel Time as a Result of Vehicle Automation: A Case Study in the Netherlands;E. de Looff;The 97th Annual Meeting of the Transportation Research Board,2018

5. Would being driven by others affect the value of travel time? Ridehailing as an analogy for automated vehicles;Jingya Gao;Transportation,2019

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