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|Title:||Auctioning rights to vehicle ownership: Singapore's experience with sealed-bid tenders||Authors:||Chu, S.||Issue Date:||2002||Citation:||Chu, S. (2002). Auctioning rights to vehicle ownership: Singapore's experience with sealed-bid tenders. Transportation Research Part A: Policy and Practice 36 (6) : 555-561. ScholarBank@NUS Repository. https://doi.org/10.1016/S0965-8564(01)00022-2||Abstract:||The monthly auction of rights to vehicle ownership in Singapore will switch from a sealed to an open bid format in 2Q2001. Allocation and pricing will however remain contingent on the lowest successful tender. This paper uncovers patterns in sealed-bidding over a period of 70 months. The findings serve as a platform for a discussion on the likely changes in bidding behaviour under an open auction format. © 2002 Elsevier Science Ltd. All rights reserved.||Source Title:||Transportation Research Part A: Policy and Practice||URI:||http://scholarbank.nus.edu.sg/handle/10635/43980||ISSN:||09658564||DOI:||10.1016/S0965-8564(01)00022-2|
|Appears in Collections:||Staff Publications|
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