Abstract
How does the value of travel time (VOTT) differ between time spent driving and time spent being driven in a car? We examined revealed choices between ridehailing and free-float carsharing using data from an aggregator app that allowed users to choose between these alternatives based on real-time conditions. We used a mixed logit model to control for price, in-vehicle time, and out-of-vehicle time (walk or wait time). The model results indicate that VOTT declines by an average of $23 per hour (approximately 60%) for members of our sample when riding in a ridehailing vehicle versus driving a carsharing vehicle.
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