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

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

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