In Ireland, the trade of milk quota is subject to regional restrictions and a large variation in quota prices between regions has caused some controversy. This article investigates this issue by analysing the functioning of the Irish milk quota exchange market. For this purpose, the economic...

This paper estimates the inefficiencies associated with the regionalisation of milk quota trade. An optimisation model is developed to estimate the economic value of quota. Quota values are aggregated to derive supply and demand curves under two scenarios; first where quotas can trade nationally...

A major implication of global climate change is that future generations will suffer severe damages while the current generation benefits. In this paper a model is developed to analyze the potential need for mitigating the adverse impacts of the greenhouse effect on efficiency grounds. The model...