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.
car industry, certificate of entitlement, quota system, transport planning, vehicle quota
Asian Studies | Economics | Finance and Financial Management
Quantitative Finance; Econometrics
Transportation Research Part A: Policy and Practice
KOH, Winston T. H. and LEE, David K. C..
The Vehicle Quota System in Singapore: An Assessment. (1994). Transportation Research Part A: Policy and Practice. 28, (1), 31-47. Research Collection Lee Kong Chian School Of Business.
Available at: http://ink.library.smu.edu.sg/lkcsb_research/3364
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