“…However, the allocation of entitlements is 3 There is a large related literature on the effects of tradability of production quota (Alston, 1981;Burrell, 1989;Babcock and Foster, 1992;Guyomard, et al, 1996;Sumner and Wolf. 1996;Boots, Oude Lansink, and Peerlings, 1997;Bureau et al, 1997;Bureau, Guyomard, and Requillart, 2001). …”