FIN3119
RISK AND INSURANCE
CERTIFICATE OF ENTITLEMENT (COE)
|Kim Bit Na |NT080276X |
|Ko Sung Kwon |NT080023L |
|Lee Han-wei |U054363X |
|Lee Jung Min |NT080657J |
|Li Rong Yan |U054362L |
|Lim Yi Ning |U064324X |
|Lim Su Ming Jesselyn |U064833X |
|Loo Yan Ling Joyce |U064698L |
Content Page
1. Introduction 2
2. Certificate of Entitlement (COE) 2 2.1 COE’s Origins 2 2.2 COE’s Open Bidding System 3 2.3 COE’s Determinants 3 2.4 COE Prices 4
3. Advantages of COE 4 3.1 Greener Environment 5 3.2 Reduced Traffic Accidents 5 3.3 Revenue 5 3.4 COE Open Bidding System 6 3.4.1 Greater Transparency 6 3.4.2 Eliminate Fluctuations in COE Price 6 3.4.3 Stability in Vehicle Price and Shorter Waiting Period 6 3.4.4 Secure System 7
4. Disadvantages of COE 7 4.1 High COE Prices 7 4.2 Problems with Biding System 8
5. Recommendations 8 5.1 Usage of Electronic Road Pricing (ERP) 8 5.2 More incentives for people to take public transport 8 5.3 “Leave Your Car at Home” Day 9 5.4 Encourage Car-pooling 9 5.5 Lower Prices by Increasing the Vehicle Quota 9 5.6 Give Subsidies to Lower Income Groups 10