Auctions for Transferable Objects: Theory and Evidence from the Vehicle Quota System in Singapore

Auctions for Transferable Objects: Theory and Evidence from the Vehicle Quota System in Singapore

This paper studies the hypothesis that auctions with resale markets result in higher prices. The vehicle quota system introduced in Singapore in May 1990 provides the setting. The Certificates of Entitlement (COEs) necessary to purchase new cars were initially transferable for all quota categories....

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Bibliographic Details
Main Authors: LEE, David K. C., KOH, Winston T. H.
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 1993
Subjects:
Auctions
Bidders
Resale value
Vehicles
Singapore
Asian Studies
Economics
Finance and Financial Management
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/3374
https://ink.library.smu.edu.sg/context/lkcsb_research/article/4373/viewcontent/AuctionsVehicleQuotaSysSingapore_1993.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/lkcsb_research/3374
https://ink.library.smu.edu.sg/context/lkcsb_research/article/4373/viewcontent/AuctionsVehicleQuotaSysSingapore_1993.pdf

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