Publication Type

Journal Article

Publication Date

1-1994

Abstract

This paper reviews the developments since the vehicle quota system was introduced in Singapore in May 1990. We discuss the bidding strategies for the certificates of entitlement (COE) under both the transferable and nontransferable auctions, as well as the equity of the present system and the desirability of transferable COEs. We argue that the COE auction should be made discriminatory and propose an alternative system of COE auction that we feel is both equitable and at the same time politically acceptable. We also survey developments in market competition in the car industry.

Keywords

car industry, certificate of entitlement, quota system, transport planning, vehicle quota

Discipline

Asian Studies | Economics | Finance and Financial Management

Research Areas

Quantitative Finance; Econometrics

Publication

Transportation Research Part A: Policy and Practice

Volume

28

Issue

1

First Page

31

Last Page

47

ISSN

0965-8564

Identifier

10.1016/0965-8564(94)90040-X

Publisher

Elsevier

Creative Commons License

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.

Additional URL

http://doi.org/10.1016/0965-8564(94)90040-X

Share

COinS