@article{Courleux:211014,
      recid = {211014},
      author = {Courleux, Frédéric and Guyomard, Hervé and Levert, Fabrice  and Piet, Laurent},
      title = {How the EU Single Farm Payment should be modelled:  lump-sum transfers, area payments or… what else?},
      address = {2008},
      number = {913-2016-72298},
      series = {08-01},
      pages = {48},
      year = {2008},
      abstract = {The 2003 Common Agricultural Policy (CAP) reform radically  changes the way the European Union (EU) supports its  agricultural sector by decoupling direct payments.  Production is no longer required to get the payment  attached to Single Farm Payment (SFP) entitlements.  However, the new scheme maintains a specific link between  payments and hectares; in addition, SFP entitlements can be  exchanged among farmers. These features question the way  SFP entitlements should be regarded, hence modelled, i.e.,  as lump-sum transfers, area payments or… something else. We  develop a microeconomic analytical framework which shows  that the answer crucially depends on the total number of  entitlements which are initially made available relative to  the number of hectares, more specifically the number of  cultivated hectares in a zero support regime, the number of  cultivated hectares in a policy support regime trough  per-hectare direct aids, and the number of cultivated or  idled hectares in a policy regime where support is granted  through direct aids per hectare and production is not  required.},
      url = {http://ageconsearch.umn.edu/record/211014},
      doi = {https://doi.org/10.22004/ag.econ.211014},
}