Over the last 15 years, the locus of policymaking towards asylum seekers and refugees has shifted away from national governments and towards the European Union (EU) as the Common European Asylum Policy has developed. Most of the focus has been on the harmonization of policies relating to border...

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...