Brummer, Bernhard; Loy, Jens-Peter; Requate, Till - European Association of Agricultural Economists - EAAE - 2011
Since 2000 Germany has introduced a fairly unique market mechanism to trade milk quotas between dairy farms. The two major features are: (1) a quasi auctioning system that produces excess demands which are covered by state reserves free of charge and (2) a price band that is used to exclude...