THE VEHICLE QUOTA SYSTEM IN SINGAPORE: AN ASSESSMENT

On May 1, 1990, the Singapore government implemented a vehicle quota system to control the growth in the vehicle population. This is in addition to an array of taxes already in existence to curb the demand for private transportation. The vehicle quota system is the first of its kind to be implemented in the world, and the Singapore experience is useful to other countries who are seriously trying to tackle the problem of road congestion. Under the vehicle quota system, a new vehicle can only be allowed on the road if its owner has obtained a certificate of entitlement (COE). This paper discusses the bidding strategies for the COE under both the transferable and nontransferable auctions, as well as the equity of the present system and the desirability of transferable COEs.

Language

  • English

Media Info

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Filing Info

  • Accession Number: 00642808
  • Record Type: Publication
  • Files: TRIS, ATRI
  • Created Date: Feb 23 1994 12:00AM