Expectations Formation and Forecasting of Vehicle Demand: An Empirical Study of the Vehicle Quota Auctions in Singapore

Expectations Formation and Forecasting of Vehicle Demand: An Empirical Study of the Vehicle Quota Auctions in Singapore

This paper studies expectations formation and forecasting of vehicle demand in Singapore under the vehicle quota system. Under the system, a car buyer must first bid for a vehicle license in monthly auctions in order to purchase a new car. We construct an econometric model to test the hypothesis tha...

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Bibliographic Details
Main Authors: CHU, Sing-Fat, KOH, Winston T. H., TSE, Yiu Kuen
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2004
Subjects:
Quota licenses
Vehicle demand
Learning
Expectations formation
Singapore
Asian Studies
Behavioral Economics
Transportation
Online Access:https://ink.library.smu.edu.sg/soe_research/427
https://ink.library.smu.edu.sg/context/soe_research/article/1426/viewcontent/1_s2.0_S0965856403001204_main.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/soe_research/427
https://ink.library.smu.edu.sg/context/soe_research/article/1426/viewcontent/1_s2.0_S0965856403001204_main.pdf

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