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Wildlife trade and endangered species protection

Author

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  • Missios, Paul C.

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

  • Missios, Paul C., 2004. "Wildlife trade and endangered species protection," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 48(4), December.
  • Handle: RePEc:ags:aareaj:117995
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    File URL: http://purl.umn.edu/117995
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    References listed on IDEAS

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    1. Crabbe, Philippe & Van Long, Ngo, 1993. "Entry deterrence and overexploitation of the fishery," Journal of Economic Dynamics and Control, Elsevier, vol. 17(4), pages 679-704, July.
    2. Alexander, Robert R., 2000. "Modelling species extinction: the case for non-consumptive values," Ecological Economics, Elsevier, vol. 35(2), pages 259-269, November.
    3. Burton, Michael, 1999. "An assessment of alternative methods of estimating the effect of the ivory trade ban on poaching effort," Ecological Economics, Elsevier, vol. 30(1), pages 93-106, July.
    4. Erwin H. Bulte & G. Cornelis van Kooten, 1999. "Economics of Antipoaching Enforcement and the Ivory Trade Ban," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 81(2), pages 453-466.
    5. Lee G. Anderson & Dwight R. Lee, 1986. "Optimal Governing Instrument, Operation Level, and Enforcement in Natural Resource Regulation: The Case of the Fishery," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 68(3), pages 678-690.
    6. Milliman, Scott R., 1986. "Optimal fishery management in the presence of illegal activity," Journal of Environmental Economics and Management, Elsevier, vol. 13(4), pages 363-381, December.
    7. Jon G. Sutinen & Peder Andersen, 1985. "The Economics of Fisheries Law Enforcement," Land Economics, University of Wisconsin Press, vol. 64(4), pages 387-397.
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    Cited by:

    1. Robert Innes & George Frisvold, 2009. "The Economics of Endangered Species," Annual Review of Resource Economics, Annual Reviews, vol. 1(1), pages 485-512, September.
    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. Gary D. Libecap, 2013. "Addressing Global Environmental Externalities: Transaction Costs Considerations," NBER Working Papers 19501, National Bureau of Economic Research, Inc.

    More about this item

    Keywords

    Resource /Energy Economics and Policy;

    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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