Open Versus Sealed-Bid Auctions: Testing for Revenue Equivalence under Singapore's Vehicle Quota System

Open Versus 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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Bibliographic Details
Main Authors: KOH, Winston T. H., MARIANO, Roberto S., TSE, Yiu Kuen
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2003
Subjects:
vehicle quotas
licenses
auction theory
revenue equivalence
Asian Studies
Behavioral Economics
Econometrics
Online Access:https://ink.library.smu.edu.sg/soe_research/681
https://ink.library.smu.edu.sg/context/soe_research/article/1680/viewcontent/Revenueequivalence_WK_RSM_TYK.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/soe_research/681
https://ink.library.smu.edu.sg/context/soe_research/article/1680/viewcontent/Revenueequivalence_WK_RSM_TYK.pdf

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