Buysse, Jeroen; Van der Straeten, Bart; Nolte, Stephan; … - European Association of Agricultural Economists - EAAE - 2010
The paper analyses the governance choices in production quota with the Flemish nutrient production rights as a case. A static model of quota trade in the short run shows the inefficiency of discrete non-auctioned trade with fixed transaction costs. This model also shows that an obligation to...