Investigating the Willingness to Pay for Autonomous Vehicles and the Likelihood of Residential Relocation

This paper presents a study in examining the willingness to pay for autonomous vehicle (AV) adoption and the likelihood of residential relocation based on a preference survey conducted in Miami, Florida. A web-based survey was developed by researchers from the University of South Florida (USF), and was implemented at four universities in Florida. The survey mainly targeted university population, including students, faculty and staff. This paper is based on the sample collected at the Florida International University (FIU) between November 2015 and February 2016. Ordered logit models were developed to examine the influence of various personal and travel attributes on the two decisions in light of AVs – willingness to pay (WTP) and relocation. The results showed that individual and household attributes, daily travel (commute) characteristics, demand for parking, and perception of AV benefits/concerns showed significant contributions to both decisions. The results of this study are expected to provide insights on how and to what extent different market segments may affect individual’s decisions on WTP for AVs and the likelihood of relocation. The findings of this study will provide key inputs to help develop plausible assumptions for further planning and simulation analysis on the implications of AV on travel behavior.

• Supplemental Notes:
  • This paper was sponsored by TRB committee ADB10 Standing Committee on Traveler Behavior and Values. Alternate title: Investigating Willingness to Pay for Autonomous Vehicles and Likelihood of Residential Relocation
• Corporate Authors:

  Transportation Research Board

  500 Fifth Street, NW
  Washington, DC  United States  20001
• Authors:
  • Lavasani, Mohammad
  • Asgari, Hamidreza
  • Jin, Xia
  • Pinjari, Abdul
• Conference:
  • Transportation Research Board 96th Annual Meeting
  • Location: Washington DC, United States
  • Date: 2017-1-8 to 2017-1-12
• Date: 2017

Language

• English

Media Info

• Media Type: Digital/other
• Monograph Title: TRB 96th Annual Meeting Compendium of Papers

Subject/Index Terms

• TRT Terms: Automobile travel; Costs; Impacts; Intelligent vehicles; Logits; Residential location; Stated preferences; Technology; Universities and colleges
• Uncontrolled Terms: Willingness to pay
• Geographic Terms: Miami (Florida)
• Subject Areas: Highways; Planning and Forecasting;

Filing Info

• Accession Number: 01626264
• Record Type: Publication
• Report/Paper Numbers: 17-00849
• Files: TRIS, TRB, ATRI
• Created Date: Feb 21 2017 9:22AM