Welfare analysis of the vehicle quota system in Beijing, Shanghai and Guangzhou

• Main Authors: Ong, Min Qi, Toh, Kai Sheng, Zhou, Shihao
• Other Authors: School of Humanities and Social Sciences
• Format: Final Year Project
• Language: English
• Published: 2016
• Subjects: DRNTU::Social sciences::Economic theory::Microeconomics
• Online Access: http://hdl.handle.net/10356/66402
• Institution: Nanyang Technological University

The rapid rise of vehicle ownership in China has raised concerns over road congestion and air pollution, with cities such as Shanghai, Beijing, and Guangzhou implemented their own unique Vehicle Quota System (VQS) to control vehicle growth. This paper sets out to evaluate the social welfare effects...