Front Matter Page
IMF Institute
Authorized for distribution by Eric V. Clifton
I. Contents
I. Introduction
II. The Vehicle Quota System
III. Auction Outcomes: Preliminary Evidence
IV. Subcategorization
A. Categories 1–4: Cars
B. Category 7: The Open Category
C. An Alternative to Subcategorization: Ad Valorem Bids
V. Nontransferability
A. Theoretical Considerations
B. Empirical Analysis
VI. Conclusions and Policy Lessons
Tables:
1. Ranking of Quota Premiums
2. Regression Results
Figures:
1. Singapore: Quota premiums, 1990–2000
2. Quota subcategorization v. market allocation
3. Singapore: Quota premiums for car categories, 1990–2000
References