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    题名: WELFARE ANALYSIS OF THE VEHICLE QUOTA SYSTEM IN CHINA
    作者: Xiao, Junji;Zhou, Xiaolan;Hu, Wei‐Min
    胡偉民
    贡献者: 財政學系
    日期: 2017-05
    上传时间: 2017-07-27 09:18:52 (UTC+8)
    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
    關聯: International Economic Review, 58(2), 617-650
    数据类型: article
    DOI 連結: http://dx.doi.org/10.1111/iere.12229
    DOI: 10.1111/iere.12229
    显示于类别:[企業管理學系] 期刊論文

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