| Article ID: | iaor2003431 |
| Country: | United Kingdom |
| Volume: | 36A |
| Issue: | 6 |
| Start Page Number: | 555 |
| End Page Number: | 562 |
| Publication Date: | Jul 2002 |
| Journal: | Transportation Research. Part A, Policy and Practice |
| Authors: | Chu Singfat |
| Keywords: | transportation: road |
The monthly auction of rights to vehicle ownership in Singapore will switch from a sealed to an open bid format in the second quarter of 2001. 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.