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Professor Li Zhichun:A theory of auto ownership rationing

Publish Date: 2021/04/21 14:42:34    Hits:

Title:A theory of auto ownership rationing


Presenter:Prf. Li Zhichun

Host:Prof. Tian Qiong


This paper provides a theoretical analysis of three alternative auto ownership rationing schemes, including lottery, auction and the hybrid scheme. The city’s residents are differentiated by their income level, which is assumed to follow a uniform distribution. Expected social cost minimization models are proposed for determining the optimal auto quota for these schemes and the optimal proportion allocated to the lottery and auction in the hybrid scheme. The solution properties of the proposed models are analytically explored, and a comparison of these schemes is made.

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