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Estimating the Costs of New Mobility Travel Options: Monetary and Non-Monetary Factors

Author

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  • Fulton, Lewis
  • Compostella, Junia
  • Kothawala, Alimurtaza

Abstract

UC Davis researchers have developed a cost model of travel choices that individuals make related to urban vehicle travel. These choices can include deciding to own, ride in, and drive a private vehicle or use pooled or solo ridesourcing (e.g., Uber). The model considers both monetary and non-monetary factors that affect travel choice. Monetary factors include the costs of purchasing, maintaining, and fueling different types of privately owned vehicles; and the cost of using ridesourcing services. Non-monetary (or “hedonic”) factors include travel time, parking time/inconvenience, willingness to drive or be a passenger in a driven or automated vehicle, and willingness to travel with strangers. The travel choices affected by these factors impact broader society through traffic congestion, pollution, greenhouse gas emissions, accidents, etc. and thus may be an important focus of policy. This report reviews recent literature, considers factors affecting travel choices, and reports, on a conjoint pilot survey or stated preferences. Finally, it considers approaches to apply time value to factors that are not typically associated with specific trips, such as time spent on vehicle maintenance and parking. The results should enable a deeper understanding of the likelihood that individuals will own and use private vehicles or use shared (solo and pooled) ridesourcing, and how automated vehicle services could affect these choices in the future. The study also highlights additional research needs, such as a large scale stated preference study covering more factors than have been included in previous studies. View the NCST Project Webpage

Suggested Citation

  • Fulton, Lewis & Compostella, Junia & Kothawala, Alimurtaza, 2020. "Estimating the Costs of New Mobility Travel Options: Monetary and Non-Monetary Factors," Institute of Transportation Studies, Working Paper Series qt8tc6v0b5, Institute of Transportation Studies, UC Davis.
  • Handle: RePEc:cdl:itsdav:qt8tc6v0b5
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    References listed on IDEAS

    as
    1. Eren Inci & Jos van Ommeren & Martijn Kobus, 2017. "The external cruising costs of parking," Journal of Economic Geography, Oxford University Press, vol. 17(6), pages 1301-1323.
    2. Koopmans, Carl & Groot, Wim & Warffemius, Pim & Annema, Jan Anne & Hoogendoorn-Lanser, Sascha, 2013. "Measuring generalised transport costs as an indicator of accessibility changes over time," Transport Policy, Elsevier, vol. 29(C), pages 154-159.
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    More about this item

    Keywords

    Social and Behavioral Sciences; Cost estimating; Mobility; Mode choice; Ridesourcing; Surveys; Travel behavior; Travel costs; Value of time;
    All these keywords.

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