Beurteilung des Milchquotenbörsensystems in Deutschland

In this paper the newly established rules for trading milk quotas in Germany are analyzed. These regulations have been in force since April 2000. Following a brief historical review of the quota system, the major changes in economic incentives regarding trading milk and the expected welfare implications are derived. Next, the effects of the new trading rules on quota prices in comparison to a reference system (sealed bid double auction) are discussed. In the empirical part the significance of the theoretical effects is illustrated. Recent changes in the regulations for quota trade are shown to have little effect in terms of mitigating these problems.


Variant title:
Analysis of Milk Quota Trading in Germany
Issue Date:
2003
Publication Type:
Journal Article
DOI and Other Identifiers:
ISSN 0002-1121 (Other)
Record Identifier:
http://ageconsearch.umn.edu/record/97978
PURL Identifier:
http://purl.umn.edu/97978
Published in:
German Journal of Agricultural Economics, Volume 52, Number 6
Page range:
275-288
Total Pages:
14




 Record created 2017-04-01, last modified 2018-01-22

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