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| Author: | Koh, W. T. H. |
| Title: | Congestion control and vehicle ownership restriction: the choice of an optimal quota policy |
| Journal: | Journal of Transport, Economics and Policy
2004 : SEP, VOL. 38:3, p. 371-402 |
| Index terms: | congestion urban environment Singapore |
| Language: | eng |
| Abstract: | This paper discusses th evehicle quota system (VQS) of Singapore. The objective of the VQS is to control urban congestion. While the VQS has reduced the annual growth rate of the vehicle population to about 3%, it has created unceratinty in the cost of vehicle ownership due to the fluctuations in license prices. An nalysis suggets that license transferability is not unambiguously desirable, sub-categorisation is highly regressive, and an open auction format results in less aggressive bidding and lower license prices. |
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