COE :why pay what you bid and individual bidding have to be implemented

[Sammyboy RSS Feed]

An honorable member of the Coffee Shop Has Just Posted the Following:

there is no point debating whether it will work or not with
the COE hitting 90K soon.

It is wiser to move ahead and give it a try. Why?

1. So far nothing has worked and many believe this approach can.
2. The idea will not make things worse, so it is worth a try.
3. Car dealers hoarding COE and playing all sorts of games under current system is plausible... not
that it happens but pple believe it happens and it is good to allay their disstrust.
4. There is some gain to try something that others believe will work although you don't to show you are open to ideas.... but in a complex social system the results can sometimes surprise you.
5. The govt looks overly adament by resisting this idea.

It is wiser for the govt to go ahead and do
it even though they thing it might not work...
. but my view is zero to positive effects will come ... and there is enormous political gain to show some flexibility.

For myself, I think it will work from my modelling of non cooperative game theory
For the Nash equilibrium to be established
the system towards a slower COE rise as a minimum benefit
My assumptions in modelling did not include the propensity
for car dealers to try to monopolise supply. If you include this you will see price drops when individual bidding is implemented.

I strongly believe it is beneficial to go ahead.


Click here to view the whole thread at www.sammyboy.com.