Title

The Vehicle Quota System in Singapore: An Assessment

Publication Type

Journal Article

Publication Date

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.

Discipline

Asian Studies | Economics | Transportation

Research Areas

Applied Microeconomics

Publication

Transportation Research Part A: Policy and Practice

Volume

28A

Issue

1

First Page

31

Last Page

47

ISSN

0965-8564

Identifier

10.1016/0965-8564(94)90040-x

Publisher

Elsevier

Additional URL

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

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