Chu, Sing-Fat; Koh, Winston T. H.; Tse, Yiu Kuen - In: Transportation Research Part A: Policy and Practice 38 (2004) 5, pp. 367-381
This paper studies expectations formation and forecasting of vehicle demand in Singapore under the vehicle quota system. Under the system, a car buyer must first bid for a vehicle license in monthly auctions in order to purchase a new car. We construct an econometric model to test the hypothesis...