Open vs Sealed Bid Auctions: Testing for Revenue Equivalence under Singapore's Vehicle Quota System
Using data from the auction of vehicle quota licenses in Singapore, we study if revenue equivalence holds when the auction format was switched from a sealed-bid format (May 1990 to June 2001) to an open bidding format since July 2001. Our econometric analysis indicates the change in auction format l...
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Main Authors: | MARIANO, Roberto S., KOH, Winston T. H., TSE, Yiu Kuen |
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Format: | text |
Language: | English |
Published: |
Institutional Knowledge at Singapore Management University
2007
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Online Access: | https://ink.library.smu.edu.sg/soe_research/25 https://ink.library.smu.edu.sg/context/soe_research/article/1024/viewcontent/Open_vs_sealed_bid_auctions_Singapore_vehicle_quota_system.pdf |
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Institution: | Singapore Management University |
Language: | English |
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