Rationing Rules and Outcomes: The Experience of Singapore's Vehicle Quota System

 
Author/Editor: Tan, Ling Hui
 
Publication Date: September 01, 2001
 
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
 
Summary: 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.
 
Series: Working Paper No. 01/136
Subject(s): Production | Singapore

Author's Keyword(s): Quotas | auctions | licences | transferability | subcategorization
 
English
Publication Date: September 01, 2001
ISBN/ISSN: 1934-7073 Format: Paper
Stock No: WPIEA1362001 Pages: 30
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