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Autonomous Driving and Residential Location Preferences: Evidence from a Stated Choice Survey. (arXiv:1905.11486v1 [econ.GN])

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This paper seeks to advance the understanding of the potential impacts of autonomous vehicles (AVs) on travel behaviour and land use by investigating stated preferences for combinations of residential locations and travel options for the commute in the context of autonomous automobile travel. Our analysis draws from a stated preference survey, which was completed by 512 commuters from the Sydney metropolitan area in Australia, and provides insights into travel time valuations and demand elasticities in a long-term decision-making context. By and large, the findings of our empirical study suggest that the impact of AVs on travel behaviour and residential location preferences may be relatively modest. We estimate that the mean value of travel time savings (VOT) for commuting by AV is 24.0 AUD/h, while the mean VOTs for commuting by conventional car and public transit are 25.3 AUD/h and 19.0 AUD/h, respectively.


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