Value of Travel Time is Lower When Being Driven than when Driving Oneself
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 con...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Findings Press
2024-02-01
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| Series: | Findings |
| Online Access: | https://doi.org/10.32866/001c.93915 |
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| author | Parastoo Jabbari Andisheh Ranjbari Paul Leiby Don Mackenzie |
| author_facet | Parastoo Jabbari Andisheh Ranjbari Paul Leiby Don Mackenzie |
| author_sort | Parastoo Jabbari |
| collection | DOAJ |
| description | 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. |
| format | Article |
| id | doaj-art-d4ea148fa3dd44e58a6cc94eb4675936 |
| institution | OA Journals |
| issn | 2652-8800 |
| language | English |
| publishDate | 2024-02-01 |
| publisher | Findings Press |
| record_format | Article |
| series | Findings |
| spelling | doaj-art-d4ea148fa3dd44e58a6cc94eb46759362025-08-20T02:07:20ZengFindings PressFindings2652-88002024-02-0110.32866/001c.93915Value of Travel Time is Lower When Being Driven than when Driving OneselfParastoo JabbariAndisheh RanjbariPaul LeibyDon MackenzieHow 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.https://doi.org/10.32866/001c.93915 |
| spellingShingle | Parastoo Jabbari Andisheh Ranjbari Paul Leiby Don Mackenzie Value of Travel Time is Lower When Being Driven than when Driving Oneself Findings |
| title | Value of Travel Time is Lower When Being Driven than when Driving Oneself |
| title_full | Value of Travel Time is Lower When Being Driven than when Driving Oneself |
| title_fullStr | Value of Travel Time is Lower When Being Driven than when Driving Oneself |
| title_full_unstemmed | Value of Travel Time is Lower When Being Driven than when Driving Oneself |
| title_short | Value of Travel Time is Lower When Being Driven than when Driving Oneself |
| title_sort | value of travel time is lower when being driven than when driving oneself |
| url | https://doi.org/10.32866/001c.93915 |
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