2013
DOI: 10.2139/ssrn.3106623
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Car Ownership Control in Chinese Mega Cities: Shanghai, Beijing and Guangzhou

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Cited by 23 publications
(15 citation statements)
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“…Beijing auctions land for residential, commercial, and office uses, and several Chinese cities auction license plates (Yang, Ren, Liu, and Zhang 2015;Feng and Qiang 2013). Auctioning the permits is the simplest way to establish the right price for on-street parking in a residential neighborhood.…”
Section: Revenue From On-street Parkingmentioning
confidence: 99%
See 1 more Smart Citation
“…Beijing auctions land for residential, commercial, and office uses, and several Chinese cities auction license plates (Yang, Ren, Liu, and Zhang 2015;Feng and Qiang 2013). Auctioning the permits is the simplest way to establish the right price for on-street parking in a residential neighborhood.…”
Section: Revenue From On-street Parkingmentioning
confidence: 99%
“…In comparison, the prices paid in Shanghai's license-plate auctions have never exceeded $15,000 (Feng and Qiang 2013). A parking fee of $80 a month, for example, amounts to $960 a year; if the interest rate is 5 percent per year, a level income stream of $960 per year is equivalent to a capital value of $19,200 ($960 ÷ 0.05).…”
Section: Political Prospects Of Parking Benefit Districtsmentioning
confidence: 99%
“…This (1) change represents a 3.3% increase in the mean purchase price paid by this group of consumers. An additional concern is that several large Chinese cities such as Beijing, Guangzhou, and Shanghai have also enacted vehicle ownership restrictions such as auctions and lotteries in an effort to curb congestion and pollution (Feng and Li 2013). Restrictions may alter the pool of individuals eligible to purchase cars and may limit the scope for status competition through consumption signaling in these regions.…”
Section: Difference In Differencementioning
confidence: 99%
“…Rates of private car ownership in China are low but are increasing rapidly. While in 1985 the rate of ownership was only 0.27 for every 1,000 people, this rate has risen to 55 per 1,000 in 2011 (Feng and Li ). Rising affluence combined with growing automobile ownership suggests that the scope for status competition through vehicles and the effects that we observe may intensify in the future.…”
Section: Introductionmentioning
confidence: 99%
“…Hangzhou actually developed its strategy on the basis of the Tianjin model, combining a lottery and auction mode. See, also, Feng and Li 2013.…”
mentioning
confidence: 99%