Matching problems in biodiversity offset markets: a case study of the New South Wales biodiversity offsets scheme

Matching problems in biodiversity offset markets: a case study of the New South Wales biodiversity offsets scheme

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Biodiversity offset credits in New South Wales are transacted within a regulatory environment defined by detailed trading rules and many different types of biodiversity credits that can lead to thin borstlist självhäftande markets and high transaction costs.This paper describes a market designed to facilitate efficient and effective transactions.The market includes a search algorithm cocktail tree for sale to identify who can exchange with whom, according to the regulatory constraints, and an online exchange tool to facilitate efficient price discovery and allocation of offset contracts.