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Rationing Rules and Outcomes

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  • Ling Hui Tan

Abstract

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.

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Bibliographic Info

Paper provided by International Monetary Fund in its series IMF Working Papers with number 01/136.

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Length: 30
Date of creation: 01 Sep 2001
Date of revision:
Handle: RePEc:imf:imfwpa:01/136

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Related research

Keywords: Quotas; motor vehicle; motor vehicles; bids; bidders; motorcycles; road; land transport; transport authority; road tax; traffic congestion; road infrastructure; urban traffic; potential bidders; open ? bidding; winning bid;

References

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  1. Krishna, Kala & Tan, Ling Hui, 1999. "Transferable Licenses versus Nontransferable Licenses: What Is the Difference?," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 40(3), pages 785-800, August.
  2. Halvorsen, Robert & Palmquist, Raymond, 1980. "The Interpretation of Dummy Variables in Semilogarithmic Equations," American Economic Review, American Economic Association, vol. 70(3), pages 474-75, June.
  3. Ginsburgh, V. & Weber, S., . "On the efficiency of retaliation rules in international trade," CORE Discussion Papers RP -1281, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  4. Phang, Sock-Yong & Wong, Wing-Keung & Chia, Ngee-Choon, 1996. "Singapore's experience with car quotas : Issues and policy processes," Transport Policy, Elsevier, vol. 3(4), pages 145-153, October.
  5. Kala KRISHNA & Ling Hui TAN, 1997. "A Note on India's MFA Quota Allocation System: The Effects of Subcategorization," Annales d'Economie et de Statistique, ENSAE, issue 47, pages 39-50.
  6. Ngee-Choon Chia & Albert K C Tsui & John Whalley, 2001. "Ownership and Use Taxes as Congestion Correcting Instruments," NBER Working Papers 8278, National Bureau of Economic Research, Inc.
  7. Swan, Peter L, 1970. "Durability of Consumption Goods," American Economic Review, American Economic Association, vol. 60(5), pages 884-94, December.
  8. Carlos Alfredo Rodriguez, 1979. "The Quality of Imports and the Differential Welfare Effects of Tariffs, Quotas, and Quality Controls as Protective Devices," Canadian Journal of Economics, Canadian Economics Association, vol. 12(3), pages 439-49, August.
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Citations

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Cited by:
  1. Chu, Sing-Fat & Koh, Winston T. H. & Tse, Yiu Kuen, 2004. "Expectations formation and forecasting of vehicle demand: an empirical study of the vehicle quota auctions in Singapore," Transportation Research Part A: Policy and Practice, Elsevier, vol. 38(5), pages 367-381, June.
  2. Winston T.H. Koh, 2004. "Congestion Control and Vehicle Ownership Restriction: The Choice of an Optimal Quota Policy," Journal of Transport Economics and Policy, London School of Economics and University of Bath, vol. 38(3), pages 371-402, September.
  3. Koh, Winston T. H., 2003. "Control of vehicle ownership and market competition: theory and Singapore's experience with the vehicle quota system," Transportation Research Part A: Policy and Practice, Elsevier, vol. 37(9), pages 749-770, November.
  4. Wang, Rui, 2010. "Shaping urban transport policies in China: Will copying foreign policies work?," Transport Policy, Elsevier, vol. 17(3), pages 147-152, May.

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