A new MPC Working Paper "Tradable refugee-admission quotas : a policy proposal to reform the EU asylum policy" by Hillel Rapoport (Migration Policy Centre and Paris School of Economics) and Jesús Fernandez – Huertas (Fundación de Estudios de Economía Aplicada (FEDEA))

The current 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 existing system. We illustrate this claim using the recent problems regarding relocation faced by the European Relocation from Malta (EUREMA) program.