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Wildlife trade and endangered species protection

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  • Paul C. Missios

Abstract

Markets 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.

Suggested Citation

  • 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.
    • Handle: RePEc:bla:ajarec:v:48:y:2004:i:4:p:613-627
    DOI: 10.1111/j.1467-8489.2004.00264.x
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    References listed on IDEAS

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    Cited by:

    1. Adrian A. Lopes, 2019. "Transnational links in rhino poaching and the black‐market price of rhino horns," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 63(1), pages 95-115, January.
    2. Gary D. Libecap, 2014. "Addressing Global Environmental Externalities: Transaction Costs Considerations," Journal of Economic Literature, American Economic Association, vol. 52(2), pages 424-479, June.
    3. Robert Innes & George Frisvold, 2009. "The Economics of Endangered Species," Annual Review of Resource Economics, Annual Reviews, vol. 1(1), pages 485-512, September.
    4. 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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    More about this item

    JEL classification:

    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games

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