Wildlife trade and endangered species protection
AbstractMarkets for endangered species potentially generate incentives for both legal supply and poaching. To deter poaching, governments can spend on enforcement or increase legal harvesting to reduce the return from poaching. A leader–follower commitment game is developed to examine these choices in the presence of illegal harvesting and the resulting impacts on species stocks. In addition, current trade restrictions imposed under the Convention on International Trade in Endangered Species of Wild Fauna and Flora are examined. With Cournot conjectures among poachers, the model details the subgame perfect equilibrium interactions between poaching levels, enforcement and legal harvesting.
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Bibliographic InfoArticle provided by Australian Agricultural and Resource Economics Society in its journal Australian Journal of Agricultural and Resource Economics.
Volume (Year): 48 (2004)
Issue (Month): 4 (December)
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Other versions of this item:
- Paul C. Missios, 2004. "Wildlife trade and endangered species protection," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 48(4), pages 613-627, December.
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- Robert Innes & George Frisvold, 2009. "The Economics of Endangered Species," Annual Review of Resource Economics, Annual Reviews, vol. 1(1), pages 485-512, 09.
- Gary D. Libecap, 2013. "Addressing Global Environmental Externalities: Transaction Costs Considerations," NBER Working Papers 19501, National Bureau of Economic Research, Inc.
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