Expectations Formation and Forecasting of Vehicle Demand: An Empirical Study of the Vehicle Quota Auctions in Singapore
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...
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| Main Authors: | , , |
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| 格式: | text |
| 語言: | English |
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Institutional Knowledge at Singapore Management University
2004
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| 主題: | |
| 在線閱讀: | 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 |
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| 機構: | Singapore Management University |
| 語言: | English |