Recovering Ex-situ Gemstones in African Countries: The Economic Man Versus the Police Man
AbstractThe illicit dealing in gemstones (including diamonds) is a fast growing activity in African countries which produce these minerals. Zaire and Angola are two extreme examples, but by no means exceptions. The preferred policy efforts to controlling the flow of illicit trade in gems have been legislative actions - the police man. However, the police man has invariably failed to do the intended job. As an alternative this analysis argues for an economic approach - the economic man. It suggests how good old economic concepts and principles may be used to price out of the market, and recover ex-situ gems from illicit traders with only little modification for local conditions. The conclusion is that even under a limited liberalization regime the economic man tends be more efficient and effective than the police man.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by EconWPA in its series Industrial Organization with number 0307001.
Length: 22 pages
Date of creation: 19 Jul 2003
Date of revision:
Note: Type of Document - WordPerfect; prepared on IBM PC - PC; to print on HP/PostScript; pages: 22 ; figures: included. I never published this piece and now Iwould like to reduce mailing and xerox cost by posting it.
Contact details of provider:
Web page: http://22.214.171.124
economic pricing theory of illicit gemstones Africa economic man versus police man;
Find related papers by JEL classification:
- Q38 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Government Policy (includes OPEC Policy)
- C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
- D5 - Microeconomics - - General Equilibrium and Disequilibrium
- D9 - Microeconomics - - Intertemporal Choice
- O55 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Africa
- L71 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Hydrocarbon Fuels
- L72 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Other Nonrenewable Resources
- L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Dixit, Avinash K & Stiglitz, Joseph E, 1975.
"Monopolistic Competition and Optimum Product Diversity,"
The Warwick Economics Research Paper Series (TWERPS)
64, University of Warwick, Department of Economics.
- Dixit, Avinash K & Stiglitz, Joseph E, 1977. "Monopolistic Competition and Optimum Product Diversity," American Economic Review, American Economic Association, vol. 67(3), pages 297-308, June.
- Dixit, Avinash, 1979.
"Quality and Quantity Competition,"
Review of Economic Studies,
Wiley Blackwell, vol. 46(4), pages 587-99, October.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (EconWPA).
If references are entirely missing, you can add them using this form.