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- W3141474241 abstract "In this paper, a number of issues relating to the optimal design of a vehicle quota system (VQS) are examined, as part of an effort to control urban traffic congestion. Singapore, where a VQS was instituted in 1990, is presented as a case study. Although the VQS has lead to a reduction in the annual growth rate of the vehicle population to closely 3 per cent, the cost of vehicle ownership has become uncertain because of the fluctuations in license prices. The paper discusses three issues that relate to the optimal design of a VQS: license transferability, sub-categorization (categories based on car value), and the choice of an auction or bidding format. It is shown that license transferability is somewhat desirable, sub- categorization is highly regressive, and an open auction leads to less aggressive bidding and lower license prices." @default.
- W3141474241 created "2021-04-13" @default.
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- W3141474241 date "2004-09-01" @default.
- W3141474241 modified "2023-09-28" @default.
- W3141474241 title "CONGESTION CONTROL AND VEHICLE OWNERSHIP RESTRICTION : THE CHOICE OF AN OPTIMAL QUOTA POLICY" @default.
- W3141474241 hasPublicationYear "2004" @default.
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