Publication Type
Journal Article
Version
acceptedVersion
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
Citation
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.
Available at: https://ink.library.smu.edu.sg/lkcsb_research/3364
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/10.1016/0965-8564(94)90040-X