The Private Car License Plate Auction in Shanghai: Macro-Effectiveness and Micro-Mechanisms

For the last two decades, the private car license plate auction in Shanghai has gradually developed into a major regulatory measure to control the amount of private vehicles.This paper attempts to evaluate the effectiveness of this policy and identify the challenges and problems faced by policymakers. By going through the historical development of this policy, the authors try to identify both the historical and the current objective of such a policy. They analyze the effectiveness of this policy from two perspectives. From the macroscopic perspective, the policy has been rather effective. According to the authors' estimates, it reduces the annual growth of private car ownership by 30% since 2003. The microscopic analysis of the auction market reveals that the government's attempt to suppress the plate price by continuously releasing more plates would only have short-term effect on price.

• Record URL:
  https://doi.org/10.1061/9780784412442.014
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/isbn/9780784412442
• Supplemental Notes:
  • © 2012 American Society of Civil Engineers.
• Corporate Authors:

  American Society of Civil Engineers

  1801 Alexander Bell Drive
  Reston, VA  United States  20191-4400
• Authors:
  • Feng, Su-Wei
  • Li, Qiang
  • Xu, Dan
• Conference:
  • Twelfth COTA International Conference of Transportation Professionals
  • Location: Beijing , China
  • Date: 2012-8-3 to 2012-8-6
• Publication Date: 2012-8

Language

• English

Media Info

• Media Type: Web
• Features: Figures; References; Tables;
• Pagination: pp 118-129
• Monograph Title: CICTP 2012: Multimodal Transportation Systems—Convenient, Safe, Cost-Effective, Efficient

Subject/Index Terms

• TRT Terms: Automobile ownership; License plates; Motor vehicle licensing; Policy analysis; Regulatory constraints; Time series analysis; Urban transportation policy
• Geographic Terms: Shanghai (China)
• Subject Areas: Highways; Law; Operations and Traffic Management; Policy; I10: Economics and Administration; I73: Traffic Control;

Filing Info

• Accession Number: 01500014
• Record Type: Publication
• ISBN: 9780784412442
• Files: TRIS, ASCE
• Created Date: Nov 25 2013 10:02AM