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Abstract
This paper focuses on the question of the
transfer efficiency of the SFP scheme and represents
graphically the results of an analytical framework with
the seminal Surplus Transformation Curve initiated by
Josling (1974) and developed by Gardner (1983). The
special feature of the SFP scheme resides in the paradox
that exists between the tradability of the entitlements
and the activation constraint that creates a particular
link to the land. The main result is that redistributive
effects between landowners and farmers depend on the
total number of entitlements, so they have to be
considered as a lever to increase the transfer efficiency
of the scheme.