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

• المؤلفون الرئيسيون: CHU, Sing-Fat, KOH, Winston T. H., TSE, Yiu Kuen
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2004
• الموضوعات: Quota licenses; Vehicle demand; Learning; Expectations formation; Singapore; Asian Studies; Behavioral Economics; Econometrics; Transportation
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/soe_research/778; https://ink.library.smu.edu.sg/context/soe_research/article/1777/viewcontent/VehicleDdForecasting_CSF_WK_TYK.pdf
• المؤسسة: Singapore Management University

This paper studies the 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...