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Rationing Rules and Outcomes: The Experience of Singapore's Vehicle Quota System Ling Hui Tan Full Text of this Article (PDF 152K) 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. |
