01637cas a2200241 a 4500 AALejournalIMF001691 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451855814 1018-5941 BD-DhAAL BD-DhAAL Tan, Ling. Rationing Rules and Outcomes : The Experience of Singapore's Vehicle Quota System / Ling Tan. Washington, D.C. : International Monetary Fund, 2001. 1 online resource (30 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Since 1990, Singapore has sought to control motor vehicle ownership by means of an auction quota system, whereby prospective vehicle buyers need to obtain a quota license before they can make their purchase. This paper assesses the success of the vehicle quota system in meeting its objectives of stability in motor vehicle growth, flexibility in the motor vehicle mix, and equity among motor vehicle buyers. Two important implementation issues-quota subcategorization and license transferability-are highlighted, and policy lessons are drawn for the design of auction quotas in general. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2001/136 Full text available on IMF http://elibrary.imf.org/view/journals/001/2001/136/001.2001.issue-136-en.xml IMF e-Library