Tradable Refugee-admission Quotas and EU Asylum Policy

moragay, jesu� s fernandez-huertas ; rapoport, hillel;

The current European Union (EU) asylum policy is widely seen as ineffective and unfair.
We propose an EU-wide market for tradable quotas on both refugees and asylum seekers
coupled with a matching mechanism linking countries� and migrants� preferences. We show
that the proposed system can go a long way towards addressing the shortcomings of the
current system. We illustrate this claim using the recent problems regarding relocation faced
by the European Relocation from Malta program.