Tradable refugee-admission quotas and EU asylum policy

Abstract

The current EU Asylum policy is widely seen as ineffective and unfair. We propose an EUwide 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 (EUREMA) program.