| Title |
Impacts of Autonomous Vehicles on Urban Spatial Structure in the Seoul Metropolitan Area |
| Authors |
박치영(Park, Chiyoung) ; 김기태(Kim, Kitae) |
| DOI |
https://doi.org/10.5659/JAIK.2023.39.5.39 |
| Keywords |
Autonomous Vehicle; Housing Price; Travel Opportunity Cost; Hedonic Price Model; Scenario Anaylsis; Urban Spatial Structure |
| Abstract |
The changes in travel opportunity cost due to the spread of autonomous vehicles are expected to reduce the burden of long-distance travel
and affect preferred residential areas of urban households. This study aims to predict the impact of the spread of autonomous vehicles on
urban spatial structure, focusing on the distribution of housing prices in the Seoul Metropolitan Area as it relates to the changes in travel
opportunity cost. The current housing price and travel opportunity cost were analyzed through a hedonic price model, and the future housing
prices of different scenarios considering the changes in travel opportunity cost were predicted and compared. Compared to the present, the
relative housing price distribution or relative price index (RPI) decreased in the range below 20% and increased in the range between 20%
and 80%. As the market penetration rate of autonomous vehicles increased, the distribution of the median range of housing prices shifted
from downtown Seoul to the adjacent Gyeonggi region. The results of this study suggest that the reduction in travel opportunity cost due to
the spread of autonomous vehicles may allow urban households to prefer areas other than the city center as residential areas and mitigate the
housing price gap in the Seoul Metropolitan Area. |