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The complex interactions of markets for endangered species products

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  • Fischer, Carolyn

Abstract

Abstract Economic models of trade in endangered species products often do not incorporate four focal arguments in the policy debate over trade bans: 1) law-abiding consumers may operate in another market, separate from illegal consumers, that trade would bring online; 2) legal trade reduces stigma, which affects demand of law-abiding consumers; 3) laundering may bring illegal goods to legal markets when trade is allowed; 4) legal sales may affect illegal supply costs. This paper analyzes systematically which aspects of these complicated markets, separately or in combination, are important for determining whether limited legalized trade in otherwise illegal goods can be helpful for achieving policy goals like reducing poaching.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Environmental Economics and Management.

Volume (Year): 48 (2004)
Issue (Month): 2 (September)
Pages: 926-953

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Handle: RePEc:eee:jeeman:v:48:y:2004:i:2:p:926-953

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Web page: http://www.elsevier.com/locate/inca/622870

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References

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  1. Bergstrom, Ted, 1990. "On the Economics of Crime and Confiscation," Journal of Economic Perspectives, American Economic Association, vol. 4(3), pages 171-78, Summer.
  2. Bulte, Erwin H. & van Kooten, G. Cornelis, 1996. "A note on ivory trade and elephant conservation," Environment and Development Economics, Cambridge University Press, vol. 1(04), pages 433-443, October.
  3. Heltberg, Rasmus, 2001. "Impact of the ivory trade ban on poaching incentives: a numerical example," Ecological Economics, Elsevier, vol. 36(2), pages 189-195, February.
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Cited by:
  1. Brant Abbott & G. Cornelis van Kooten, 2008. "Can Domestication of Wildlife Lead to Conservation? The Economics of Tiger Farming in China," Working Papers 2009-01, University of Victoria, Department of Economics, Resource Economics and Policy Analysis Research Group.
  2. Balistreri, Edward J. & Worley, Christopher M., 2009. "Mercury: The good, the bad, and the export ban," Resources Policy, Elsevier, vol. 34(4), pages 195-204, December.
  3. G. Cornelis van Kooten & Tim Bogle & Frans P. de Vries, 2012. "Rent Seeking and the Smoke and Mirrors Game in the Creation of Forest Sector Carbon Credits: An Example from British Columbia," Working Papers 2012-06, University of Victoria, Department of Economics, Resource Economics and Policy Analysis Research Group.
  4. Gary D. Libecap, 2013. "Addressing Global Environmental Externalities: Transaction Costs Considerations," NBER Working Papers 19501, National Bureau of Economic Research, Inc.
  5. van Kooten, G. Cornelis, 2006. "Protecting the African Elephant: A Dynamic Bioeconomic Model of Ivory Trade," 2006 Annual meeting, July 23-26, Long Beach, CA 21206, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  6. Robert Innes & George Frisvold, 2009. "The Economics of Endangered Species," Annual Review of Resource Economics, Annual Reviews, vol. 1(1), pages 485-512, 09.
  7. Damania, Richard & Bulte, Erwin H., 2007. "The economics of wildlife farming and endangered species conservation," Ecological Economics, Elsevier, vol. 62(3-4), pages 461-472, May.
  8. Gary D. Libecap, 2014. "Addressing Global Environmental Externalities: Transaction Costs Considerations," Journal of Economic Literature, American Economic Association, vol. 52(2), pages 424-79, June.
  9. Ferrier, Peyton Michael, 2009. "The Economics of Agricultural and Wildlife Smuggling," Economic Research Report 55951, United States Department of Agriculture, Economic Research Service.

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