Publication Type
Journal Article
Version
acceptedVersion
Publication Date
10-1996
Abstract
This paper examines the policy processes behind Singapore's car quotas. The policy, when filtered through the market mechanism, had a number of unintended consequences. The public's unhappiness with certain features and [`]loopholes' of the system resulted in many changes to the rules. The effects of recent measures to curb speculation on quota premiums are evaluated. Problems with Singapore's Weekend Car Scheme are also discussed. The lesson for transport policy makers elsewhere is that in attempting to deal with the road congestion problem through car ownership policies, an asset market for vehicles should be taken into account.
Keywords
Singapore, car ownership policies, motor vehicle quotas
Discipline
Asian Studies | Economics | Public Economics | Transportation
Research Areas
Applied Microeconomics
Publication
Transport Policy
Volume
3
Issue
4
First Page
145
Last Page
153
ISSN
0967-070X
Identifier
10.1016/s0967-070x(96)00025-x
Publisher
Elsevier
Citation
Phang, Sock-Yong; Wong, Wing-Keung; and Chia, Ngee-Choon.
Singapore's Experience with Car Quotas: Issues and Policy Processes. (1996). Transport Policy. 3, (4), 145-153.
Available at: https://ink.library.smu.edu.sg/soe_research/429
Copyright Owner and License
Authors
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
https://doi.org/10.1016/s0967-070x(96)00025-x