WELFARE ANALYSIS OF THE VEHICLE QUOTA SYSTEM IN CHINA

Title	WELFARE ANALYSIS OF THE VEHICLE QUOTA SYSTEM IN CHINA
Creator	Xiao, Junji;Zhou, Xiaolan;Hu, Wei‐Min 胡偉民
Contributor	財政學系
Date	2017-05
Date Issued	27-Jul-2017 09:18:52 (UTC+8)
Summary	This article presents a welfare analysis of the vehicle quota system of Shanghai, China. The empirical findings suggest that the quota system leads to both welfare loss as a result of reduction in vehicle transactions and welfare gain because of less externality of auto consumption. The net effect depends on the shadow price of the marginal externality, the assumption of vehicle lifetime, and market conditions such as consumers` intrinsic preference for vehicles. Compared to a progressive tax system, the quota system is less effective in vehicle control but more efficient in improving social welfare. © (2017) by the Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association
Relation	International Economic Review, 58(2), 617-650
Type	article
DOI	http://dx.doi.org/10.1111/iere.12229

dc.contributor	財政學系
dc.creator (作者)	Xiao, Junji;Zhou, Xiaolan;Hu, Wei‐Min	en-US
dc.creator (作者)	胡偉民	zh-tw
dc.date (日期)	2017-05
dc.date.accessioned	27-Jul-2017 09:18:52 (UTC+8)	-
dc.date.available	27-Jul-2017 09:18:52 (UTC+8)	-
dc.date.issued (上傳時間)	27-Jul-2017 09:18:52 (UTC+8)	-
dc.identifier.uri (URI)	http://nccur.lib.nccu.edu.tw/handle/140.119/111413	-
dc.description.abstract (摘要)	This article presents a welfare analysis of the vehicle quota system of Shanghai, China. The empirical findings suggest that the quota system leads to both welfare loss as a result of reduction in vehicle transactions and welfare gain because of less externality of auto consumption. The net effect depends on the shadow price of the marginal externality, the assumption of vehicle lifetime, and market conditions such as consumers` intrinsic preference for vehicles. Compared to a progressive tax system, the quota system is less effective in vehicle control but more efficient in improving social welfare. © (2017) by the Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association
dc.format.extent	100 bytes	-
dc.format.mimetype	text/html	-
dc.relation (關聯)	International Economic Review, 58(2), 617-650
dc.title (題名)	WELFARE ANALYSIS OF THE VEHICLE QUOTA SYSTEM IN CHINA	en-US
dc.type (資料類型)	article
dc.identifier.doi (DOI)	10.1111/iere.12229
dc.doi.uri (DOI)	http://dx.doi.org/10.1111/iere.12229