Auctioning rights to vehicle ownership: Singapore's experience with sealed-bid tenders

被引:11
作者
Chu, SF [1 ]
机构
[1] Natl Univ Singapore, Fac Business Adm, Kent Ridge 119260, Singapore
关键词
D O I
10.1016/S0965-8564(01)00022-2
中图分类号
F [经济];
学科分类号
02 ;
摘要
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. (C) 2002 Elsevier Science Ltd. All rights reserved.
引用
收藏
页码:555 / 561
页数:7
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