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Automation and the Value of Time in Passenger Transport

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  • Mogens Fosgerau

    (University of Copenhagen)

Abstract

This paper reiterates the basic principles and rationale for valuing travel time savings. It explains the type of impacts that the valuation of travel time savings intends to capture and discusses whether and how those fundamental principles continue to hold with automation and increased possibility of productive time use while travelling. The paper also discusses implications for traffic management and urban form that follow from increased in-vehicle productivity.

Suggested Citation

  • Mogens Fosgerau, 2019. "Automation and the Value of Time in Passenger Transport," International Transport Forum Discussion Papers 2019/10, OECD Publishing.
    • Handle: RePEc:oec:itfaab:2019/10-en
    DOI: 10.1787/6efb6342-en
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    Cited by:

    1. Liu, Peng & Xu, Shu-Xian & Ong, Ghim Ping & Tian, Qiong & Ma, Shoufeng, 2021. "Effect of autonomous vehicles on travel and urban characteristics," Transportation Research Part B: Methodological, Elsevier, vol. 153(C), pages 128-148.
    2. Rashidi, Taha Hossein & Waller, Travis & Axhausen, Kay, 2020. "Reduced value of time for autonomous vehicle users: Myth or reality?," Transport Policy, Elsevier, vol. 95(C), pages 30-36.

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