Rationing Rules and Outcomes: The Experience of Singapore's Vehicle Quota System
Ling Hui Tan ()
IMF Staff Papers, 2003, vol. 50, issue 3, 5
Since 1990, Singapore has sought to control motor vehicle ownership by means of an auction quota system, whereby prospective vehicle buyers need to obtain a quota license before they can make their purchase. This paper assesses the success of the vehicle quota system in meeting its objectives of stability in motor vehicle growth, flexibility in the motor vehicle mix, and equity among motor vehicle buyers. Two important implementation issues - quota subcategorization and license transferability - are highlighted, and policy lessons are drawn for the design of auction quotas in general. Copyright 2003, International Monetary Fund
JEL-codes: D44 D45 R48 (search for similar items in EconPapers)
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Working Paper: Rationing Rules and Outcomes; The Experience of Singapore’s Vehicle Quota System (2001)
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