The Complex Interaction of Markets For Endangered Species Products
AbstractAbstract 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 InfoPaper provided by Resources For the Future in its series Discussion Papers with number dp-02-21.
Date of creation: 13 May 2002
Date of revision:
endangered species; black markets; CITES; poaching; stigma;
Other versions of this item:
- Fischer, Carolyn, 2004. "The complex interactions of markets for endangered species products," Journal of Environmental Economics and Management, Elsevier, vol. 48(2), pages 926-953, September.
- K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law
- Q21 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Demand and Supply; Prices
- D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-01-24 (All new papers)
- NEP-CSE-2006-01-24 (Economics of Strategic Management)
- NEP-ENV-2006-01-24 (Environmental Economics)
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