Congestion Control and Vehicle Ownership Restriction: The Choice of an Optimal Quota Policy
Singapore introduced a vehicle quota system (VQS) in 1990 as part of its overall policy to control urban congestion. While the VQS has reduced the annual growth rate of the vehicle population to about 3 per cent, it has created uncertainty in the cost of vehicle ownership due to the fluctuations in...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2004
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| Online Access: | https://ink.library.smu.edu.sg/soe_research/777 https://ink.library.smu.edu.sg/context/soe_research/article/1776/viewcontent/Optimalquotapolicy_WK.pdf |
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| Institution: | Singapore Management University |
| Language: | English |