Auctions for Transferable Objects: Theory and Evidence from the Vehicle Quota System in Singapore
The vehicle quota system was introduced in Singapore in May, 1990 to directly control the vehicle population. Under the system, anyone who intends to purchase a vehicle must obtain a certificate of entitlement (COE). The COEs of the various categories of vehicles are auctioned monthly. Before Octobe...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
1993
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| Online Access: | https://ink.library.smu.edu.sg/soe_research/210 |
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| Institution: | Singapore Management University |
| Language: | English |