To fully automate or not? Investigating demands and willingness to pay for autonomous vehicles based on automation levels

We review the literature on the motivators of consumers’ purchasing decisions regarding autonomous vehicles (AVs), focusing on environmental awareness, vehicle types, concerns about accidents, and merits. The willingness to buy (WTB) and willingness to pay (WTP) for AVs have been extensively studied...
Ausführliche Beschreibung

Gespeichert in:

Autor*in:	Sunbin Yoo [verfasserIn] Shunsuke Managi [verfasserIn]

Format:	E-Artikel
Sprache:	Englisch

Erschienen:	2021

Schlagwörter:	Automated transport Self-driving car Emerging transport modes Mobility on-demand Demand estimation

Übergeordnetes Werk:	In: IATSS Research - Elsevier, 2017, 45(2021), 4, Seite 459-468
Übergeordnetes Werk:	volume:45 ; year:2021 ; number:4 ; pages:459-468

Links:	Link aufrufen Link aufrufen Link aufrufen Journal toc

DOI / URN:	10.1016/j.iatssr.2021.11.002

Katalog-ID:	DOAJ002921081

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allfieldsSound	10.1016/j.iatssr.2021.11.002 doi (DE-627)DOAJ002921081 (DE-599)DOAJf11102bd0064451d84c8808f0186de9b DE-627 ger DE-627 rakwb eng HE1-9990 Sunbin Yoo verfasserin aut To fully automate or not? Investigating demands and willingness to pay for autonomous vehicles based on automation levels 2021 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier We review the literature on the motivators of consumers’ purchasing decisions regarding autonomous vehicles (AVs), focusing on environmental awareness, vehicle types, concerns about accidents, and merits. The willingness to buy (WTB) and willingness to pay (WTP) for AVs have been extensively studied. However, it is imperative to broaden the outlook and consolidate the existing knowledge base. Although the WTB and WTP for AVs have been studied, automation-level preferences have been underresearched. Based on more than 150,000 observations, we construct a choice model and calculate the WTP for each level of automation. Our results show that there is a disparity between people's WTB and WTP according to the automation level. In particular, we find that the coefficients regarding FAVs’ benefits and accidents significantly exceed those related to environmental concerns. Such results indicate that practical benefits and concerns influence AV demand and WTP to a greater extent than environmental awareness. Our model results indicate a disparity between WTB and WTP for AVs that mostly derives from the different types of environmental concerns, concerns about accidents, and perceived benefits from these automobiles. Our results urge policies according to which governments and companies closely examine consumers who exhibit WTB-WTP disparities. Issues relating to demand patterns, WTP, and a suitable policy framework are discussed. Automated transport Self-driving car Emerging transport modes Mobility on-demand Demand estimation Transportation and communications Shunsuke Managi verfasserin aut In IATSS Research Elsevier, 2017 45(2021), 4, Seite 459-468 (DE-627)635602741 (DE-600)2573412-X 03861112 nnns volume:45 year:2021 number:4 pages:459-468 https://doi.org/10.1016/j.iatssr.2021.11.002 kostenfrei https://doaj.org/article/f11102bd0064451d84c8808f0186de9b kostenfrei http://www.sciencedirect.com/science/article/pii/S0386111221000431 kostenfrei https://doaj.org/toc/0386-1112 Journal toc kostenfrei GBV_USEFLAG_A SYSFLAG_A GBV_DOAJ SSG-OLC-PHA GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_95 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_161 GBV_ILN_213 GBV_ILN_230 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_2014 GBV_ILN_4012 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4249 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4367 GBV_ILN_4392 GBV_ILN_4700 AR 45 2021 4 459-468
language	English
source	In IATSS Research 45(2021), 4, Seite 459-468 volume:45 year:2021 number:4 pages:459-468
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topic_facet	Automated transport Self-driving car Emerging transport modes Mobility on-demand Demand estimation Transportation and communications
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container_title	IATSS Research
authorswithroles_txt_mv	Sunbin Yoo @@aut@@ Shunsuke Managi @@aut@@
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Investigating demands and willingness to pay for autonomous vehicles based on automation levels</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="c">2021</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">Text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">Computermedien</subfield><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">Online-Ressource</subfield><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">We review the literature on the motivators of consumers’ purchasing decisions regarding autonomous vehicles (AVs), focusing on environmental awareness, vehicle types, concerns about accidents, and merits. 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callnumber-first	H - Social Science
author	Sunbin Yoo
spellingShingle	Sunbin Yoo misc HE1-9990 misc Automated transport misc Self-driving car misc Emerging transport modes misc Mobility on-demand misc Demand estimation misc Transportation and communications To fully automate or not? Investigating demands and willingness to pay for autonomous vehicles based on automation levels
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topic	misc HE1-9990 misc Automated transport misc Self-driving car misc Emerging transport modes misc Mobility on-demand misc Demand estimation misc Transportation and communications
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title	To fully automate or not? Investigating demands and willingness to pay for autonomous vehicles based on automation levels
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title_sort	fully automate or not? investigating demands and willingness to pay for autonomous vehicles based on automation levels
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title_auth	To fully automate or not? Investigating demands and willingness to pay for autonomous vehicles based on automation levels
abstract	We review the literature on the motivators of consumers’ purchasing decisions regarding autonomous vehicles (AVs), focusing on environmental awareness, vehicle types, concerns about accidents, and merits. The willingness to buy (WTB) and willingness to pay (WTP) for AVs have been extensively studied. However, it is imperative to broaden the outlook and consolidate the existing knowledge base. Although the WTB and WTP for AVs have been studied, automation-level preferences have been underresearched. Based on more than 150,000 observations, we construct a choice model and calculate the WTP for each level of automation. Our results show that there is a disparity between people's WTB and WTP according to the automation level. In particular, we find that the coefficients regarding FAVs’ benefits and accidents significantly exceed those related to environmental concerns. Such results indicate that practical benefits and concerns influence AV demand and WTP to a greater extent than environmental awareness. Our model results indicate a disparity between WTB and WTP for AVs that mostly derives from the different types of environmental concerns, concerns about accidents, and perceived benefits from these automobiles. Our results urge policies according to which governments and companies closely examine consumers who exhibit WTB-WTP disparities. Issues relating to demand patterns, WTP, and a suitable policy framework are discussed.
abstractGer	We review the literature on the motivators of consumers’ purchasing decisions regarding autonomous vehicles (AVs), focusing on environmental awareness, vehicle types, concerns about accidents, and merits. The willingness to buy (WTB) and willingness to pay (WTP) for AVs have been extensively studied. However, it is imperative to broaden the outlook and consolidate the existing knowledge base. Although the WTB and WTP for AVs have been studied, automation-level preferences have been underresearched. Based on more than 150,000 observations, we construct a choice model and calculate the WTP for each level of automation. Our results show that there is a disparity between people's WTB and WTP according to the automation level. In particular, we find that the coefficients regarding FAVs’ benefits and accidents significantly exceed those related to environmental concerns. Such results indicate that practical benefits and concerns influence AV demand and WTP to a greater extent than environmental awareness. Our model results indicate a disparity between WTB and WTP for AVs that mostly derives from the different types of environmental concerns, concerns about accidents, and perceived benefits from these automobiles. Our results urge policies according to which governments and companies closely examine consumers who exhibit WTB-WTP disparities. Issues relating to demand patterns, WTP, and a suitable policy framework are discussed.
abstract_unstemmed	We review the literature on the motivators of consumers’ purchasing decisions regarding autonomous vehicles (AVs), focusing on environmental awareness, vehicle types, concerns about accidents, and merits. The willingness to buy (WTB) and willingness to pay (WTP) for AVs have been extensively studied. However, it is imperative to broaden the outlook and consolidate the existing knowledge base. Although the WTB and WTP for AVs have been studied, automation-level preferences have been underresearched. Based on more than 150,000 observations, we construct a choice model and calculate the WTP for each level of automation. Our results show that there is a disparity between people's WTB and WTP according to the automation level. In particular, we find that the coefficients regarding FAVs’ benefits and accidents significantly exceed those related to environmental concerns. Such results indicate that practical benefits and concerns influence AV demand and WTP to a greater extent than environmental awareness. Our model results indicate a disparity between WTB and WTP for AVs that mostly derives from the different types of environmental concerns, concerns about accidents, and perceived benefits from these automobiles. Our results urge policies according to which governments and companies closely examine consumers who exhibit WTB-WTP disparities. Issues relating to demand patterns, WTP, and a suitable policy framework are discussed.
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title_short	To fully automate or not? Investigating demands and willingness to pay for autonomous vehicles based on automation levels
url	https://doi.org/10.1016/j.iatssr.2021.11.002 https://doaj.org/article/f11102bd0064451d84c8808f0186de9b http://www.sciencedirect.com/science/article/pii/S0386111221000431 https://doaj.org/toc/0386-1112
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